Company specializing in asset management, Fidelity Investments launches new platform for trading and storing digital currencies.
About the new service, called Fidelity Digital Asset, said the head of the unit That Jessup (Tom Jessup) on cryptocurrency event from Bloomberg. According to Dissipa, the platform will be available for business clients: primarily for hedge funds, family offices and market intermediaries.
“Attempts to create this platform has proven useful to our understanding and thoughts about cryptocurrencies… Fidelity Digital Assets is the first step in a long-term vision of creating an infrastructure for digital assets with a full range of services for enterprises,” said Jessup. “Our negotiations with organizations has shown that involvement in the industry of digital assets they need to have a platform that you can trust. Organizations require a sophisticated level of service and security equal to what they used to see when trading stocks or bonds.”
Therefore, according to Dissipa, Fidelity decided to build a safe a secure system using your previous experience for creating similar platforms traditional financial market. From the launch of the Fidelity Digital Asset will allow institutional level clients to store the digital currency and trade.
It is reported that the platform can be used to store bitcoin (BTC), ether (ETH) and other currencies. Storage will be used so-called cold wallets. In addition, the security system will include multi-level physical and electronic control mechanisms.
Commenting on the event, and Fidelity Investments CEO Abigail Johnson (Abigail Johnson) explained that the main task of the platform is to ease the access of investors to such digital assets like bitcoin.
Recall that Fidelity is one of the five largest financial corporations in asset management in the world with the accounts of the company kept $7.2 trillion of client funds. Last month at the conference FinTech Week Johnson has promised that the company will introduce cryptocurrency projects by year-end. From her speech we can conclude that Fidelity Digital Asset is not the only novelty. Furthermore, it is known that the financial giant is actively investing in cryptocurrency companies.