Fidelity Digital Assets Lead: Crypto And Blockchain Will Surge in 201924.78

Just two weeks ago, as reported by Ethereum World News, the crypto industry at large was shaken to its core, as Boston-based Fidelity Investments, a multinational investment services corporation, revealed plans to launch a digital asset-centric subsidiary for the firm’s 13,000+ institutional clients.

The startup, dubbed Fidelity Digital Asset Services (FDAS), is headed by Tom Jessop, who hopes to offer top-of-the-line cryptocurrency custody for FDAS customers. Along with offering custody, Fidelity’s cryptocurrency offshoot will reportedly handle trade execution for its clients, aggregating data on exchanges that comply with the so-called “Fidelity Standard,” before executing transactions on behalf of its clients.

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