Financial corporation Fidelity Investments has begun a full-scale launch of a custodial service forinstitutional bitcoin investors after nearly a year of closed testing, CEO Abigail Johnson told the Financial Times.
</p>At the last test stage, everyoneInstitutional clients will be able to test the capabilities of Fidelity Digital Assets solutions. Target audience of the enterprise — hedge funds, family offices and financial advisors.
«Many people own significant capitalin cryptocurrencies, probably — Bitcoin. They are waiting for someone to whom they can transfer these coins for safekeeping. In the event of their death, which will happen sooner or later, they need a plan to transfer these coins to another person», — said Johnson, one of the richest and most powerful women on the planet according to Forbes.
About the competitor in the person of Coinbase Custody, Johnson spoke as follows:
«Most people have never heard of this company. It has no relationships with independent [financial] advisors.
In August, $ 7 billion worth of assets were in Coinbase Custody's vaults.
Recall that in early September, the deposit service Bakkt Warehouse began accepting deposits.