Fidelity Digital Assets, a division of Fidelity Investments, is making steady progress towards providing bitcoin trading and custody services for large financial institutions, including hedge funds, pensions, family offices, and endowments. On Mar. 7th, the division announced that their services are live with some of these clients.
Fidelity Investments is the world’s fifth largest asset manager with over $2.5 trillion in assets under management. One of the firm’s divisions, Fidelity Digital Assets, is bringing bitcoin and cryptocurrency trading and custody to US institutional investors.