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.
related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
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.
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
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.
Read this:
Fidelity Digital Assets Licensed to Trust in New York
Mike Novogratz cryptocurrency net profit for three quarters amounted to $ 58.4 million
Robinhood Gets UK Brokerage License
Ethereum 2.0 test network launched with multi-client support
Fidelity will open its cryptocurrency exchange by the end of the year
Fidelity Investments has launched an open version of its cryptocurrency platform