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Tag Archives: Fidelity Digital Asse Service LLC

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Fidelity Investments is Bringing Cryptos Closer to Institutional Investors, Here’s How

  By David Drake   2018 has been a tough year for cryptocurrencies. After experiencing a boom that saw bitcoin reach a high of $19000 in December 2017, the cryptocurrency market capitalization has been reduced by billions of dollars this year. But the announcement made by Fidelity Investments last month could give the cryptocurrency market the boost it needs to get on the path to recovery. Founded in 1946, Fidelity administers assets worth $7.2 trillion, making it the fourth largest asset manager on the globe. The Wall Street financial firm is set to launch a separate company to focus on bringing virtual currencies to its customers. This move will provide institutional investors with a digital currency platform, advise and custody services. Bridging the Gap Fidelity Investment already has a client base of nearly 13000 institutional investors, including brokers and advisory firms. Through the Fidelity Digital Asset Services platform, the firm ... Read More »

Will Fidelity’s Digital Asset Services Platform Impact the Cryptocurrency Industry?

  By David Drake   The potential of blockchain and the rising interest in fintech is beginning to capture the attention of Wall Street companies. ¬†Just recently, Fidelity Investments, a world leader and provider of a range of financial services launched a subsidiary company dubbed Fidelity Digital Asset Services to specifically handle cryptocurrency clients. Fidelity Investment is highly experienced in financial service provision to institutional investors and boasts of client assets worth $7.2 trillion under its management. As such, this financial company identified a gap in service cryptocurrency service provision to its niche clients and decided to address the gap. Positive Reception Fidelity Investment’s move to create a cryptocurrency specific platform has been received positively by industry players. According to ONe Network‘s CEO and founder, John Hoelzer, this step brings some level of legitimacy to the industry and is likely to bring the discussion on cryptocurrency regulation to the forefront. ... Read More »

Fidelity Investments Launches a Subsidiary to Offer Institutional Investors Digital Asset Services

  By David Drake   Numerous discussions on the cryptocurrency market have been taking place around the world and digital currency growth has been one of the most talked about topics. Though there is little doubt on how much impact emerging technologies will have on the financial sector, questions still linger on what factors will spur the growth in the cryptocurrency sector. Since it experienced tremendous growth in 2017, the cryptocurrency market has been hit hard by the regulatory uncertainty. But the regulatory environment isn’t the only factor that needs to be addressed to facilitate growth in this nascent industry. Increasingly, the need to to increase investments in this industry is becoming more evident particularly because at least 50% of the cryptocurrency market capitalization has been wiped off since January 2018. Institutional Demand Already, there are signs that more institutional capital could flow into the industry after Fidelity Investments, a ... Read More »

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