September 28, 2022

Fidelity Digital Assets: we are working on Ethereum support

Fidelity Digital Assets (FDAS) has done a lot of work to support Ethereum in the context of custodial services, company president Tom Jessop said in an interview with The Block.

In October, FDAS began the final test phase, inwithin which all interested institutional clients were invited to use custodial services and other solutions. The division so far supports only Bitcoin, since it considers it the most reliable digital asset. At the same time, demand for Ethereum could affect a policy change already in 2020.

In an interview, Jessop hinted that the company plans to partner with an unnamed bitcoin exchange to execute transactions of its customers, confirming its past statements.

Currently, FDAS works exclusively with over-the-counter platforms.

Recall that earlier FDAS received a license of a limited liability trust in the state of New York, which allows it to provide residents with services related to the storage and trading of bitcoin.