About Fidelity Digital Assets
Fidelity Digital Asset Services, LLC is a newly created company, established by Fidelity Investments, which is one of the world’s largest financial services providers, which boasts as much as $7.2 trillion in client assets.
Fidelity Digital Asset Services offers enterprise-quality custody and trade execution services for cryptocurrencies to institutional investors including hedge funds, family offices and market intermediaries.
In particular, the comapny focuses on providing:
- Institutional-Grade Custody of Digital Assets wherein it provides a secure, compliant, and institutional-grade omnibus storage solution for bitcoin, ether and other digital assets;
- Trade Execution, where the company leverages internal crossing engine and smart order router, which, in its turn, allows for execution at multiple market venues; and
- Dedicated Client Service, under which Fidelity Digital Asset dedicated team of client service specialists supports each client right from onboarding and throughout the entire relationship with the company.
Fidelity Digital Asset Services, as well as its parent company – Fidelity Investments, believes that distributed ledger technologies can enable entirely new business models, which would lead to the creation of frictionless capital markets and improvement of existing market infrastructure.
Fidelity Digital Assets Details
Fidelity Digital Assets News
After weeks of stability, in the past week alone, Bitcoin (BTC) has collapsed under $4,500 in a surprising bout of selling pressure. So, many have claimed that the crypto market has been struggling, and that’s even putting it lightly.
BitGo recently added the Gemini Dollar (GUSD) to its list of stablecoin offering citing huge demand from institutional players.
Novogratz said that the arrival of institutional players has taken a little longer than expected. As a result, he cuts down on Bitcoin price prediction to below $10000 by the year-end.
Fidelity will be leveraging its huge expertise and technology in launching the cryptocurrency institutional-grade products and custody solutions.
The company’s research arm Fidelity Labs is dedicatedly involved in exploring new horizons and markets using the blockchain technology.
Having entered in a partnership with Tron, ABCC crypto exchange has become the first exchange to list tokens based on TRC10 technical standard.
Using blockchain, Ford Motor Company, Huayou Cobalt, IBM, LG Chem, and RCS Global will ensure the ethical and responsible sourcing of industrially-mined cobalt.
A long-lasting bearish trend that holds its grip over the crypto-market does not seem to scare away the technology major fans. Thus the NYC Economic Development Corp. backed by IBM and Microsoft is opening a new business centre devoted to the blockchain.
The new Square In-App Payments Software Development Kit (SDK) is already available for iOS, Android, and Flutter in the United States, Canada, UK, Australia, and Japan.
According to the report, Nasdaq-powered DX.Exchange has fixed a critical vulnerability that had led to the leakage of sensitive user data.
Crypto index fund provider Bitwise Asset Management applied to launch a new bitcoin-backed exchange-traded fund (ETF) with the Securities and Exchange Commission on Thursday.
Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming).