Fidelity Digital Assets Will Offer ETH Custody And Trading To Clients

On October 28, Fidelity Digital Assets will begin providing institutional customers the opportunity to deal using ether.

Fidelity Digital Assets is a wholly owned subsidiary of the financial services firm Fidelity Investments that focuses solely on digital assets. The firm debuted in 2018 with Bitcoin trading and custody services, and in 2019 it got a trust charter from New York’s financial services authority.

The company told institutions in an email:

“Investors will be able to buy, sell and transfer ether, accessing the same operational excellence, robust security, and dedicated client service model provided for bitcoin investments today.”

In recent weeks, both Fidelity Digital Assets and its parent company, Fidelity Investments, have made a spate of crypto-related announcements.

According to the Wall Street Journal, Fidelity Investments plans to provide Bitcoin trading capabilities for retail users on September 12. A day later, Fidelity Digital Assets, Charles Schwab, and Citadel Securities announced the establishment of EDX Markets, a digital asset exchange.

In a Securities and Exchange Commission (SEC) filing on September 26, Fidelity Investments announced the establishment of a new Ethereum Index Fund.

Fidelity firms have also listed multiple crypto job openings in recent months, including a crypto wallet product owner at Fidelity Digital Assets.

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Harold

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