- Fidelity Investments announces that it's getting into crypto by starting a new unit, Fidelity Digital Assets Services, to manage digital assets for hedge funds, family offices, and trading firms.
- It will offer security and storage services, trade execution and client support services.
- "Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors," says Abigail P. Johnson, chairman and CEO of Fidelity Investments. "We expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for our clients to understand and use."
- The new unit, now a stand-alone business, started in the Blockchain Incubator at Fidelity, which began in 2013. The incubator continues to research and experiment with blockchain and digital assets.
- Previously: Goldman Sachs (NYSE:GS) considering offering custody for crypto funds: Bloomberg (Aug. 6)
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, COINB, BTC-USD, ETH-USD, XRP-USD, BCH-USD
- Now read: Coinbase's active traders decline; index fund to close
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