Allegedly, Fidelity’s cryptocurrency investment arm filed an application with the New York Department of Financial Service (NYFDS) and if approved the institutional brokerage will be allowed to offer crypto-custodial services in the state.
Judging by recent news, Fidelity Digital Assets, the company which just recently announced that they are adding Bitcoin to their asset managing services, now is seeking for 10 new blockchain experts.
It seems that Morgan Stanley may be working on its crypto initiatives. The financial industry giant is currently watching how the situation with Fidelity unfolds.
Fidelity Digital Assets has launched cryptocurrency custody and trade execution services. Currently, it is available now only for selected customers, with the customer base expected to expand in the near future.