Fidelity has launched a cryptocurrency platform

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Fidelity has launched a cryptocurrency platform

The fifth largest financial holding companies in the world Fidelity Investments, managing $7.2 trillion of assets 27 million customers, announced the discovery division Fidelity Digital Asset Services, which will enable institutional investors to keep and trade cryptocurrencies on a par with traditional assets.

Initially, the unit will work exclusively with hedge funds, trusted managers, market intermediaries and other large organizations. According to the head of the new company Tom Jessup, representatives of many institutions will be interested in digital assets, but to enter in this direction, they need a reliable service provider with a high level of service and safety as you would with stocks and bonds.

In a press release said that the company will offer its customers storage services, trading and specialized service. The platform will support bitcoin (PTS), Ethereum (ETH) and other cryptophyta. The system includes cold storage, multi-level physical and cyber elements of an asset management allowing to trade on multiple venues.

Tom Jessup added that Fidelity Digital Asset Services will use all resources of the parent company, to attract kriptonyte as much of 13 thousand it serves institutional clients. The unit’s basic task is to make the virtual assets more accessible to investors.

Fidelity to believe that in the future cryptocurrencies will play an important role in the financial sector, therefore, began now to study this area, technology and their characteristics. The company has joined other major players are developing similar products, among which Goldman Sachs, Morgan Stanley, Citigroup.

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