Fidelity Digital Assets Expands Crypto Custody Service to Asia
The cryptocurrency-focused arm of financial services giant Fidelity Investments is expanding its custody service through Singapore-based Stack Funds.
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Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody operation servicing traditional financial institutions. Fidelity Investments Inc., is an American multinational financial services corporation that operates a subsidiary called Fidelity Digital Asset Services (FDAS). As of June 2020, the Boston-based Fidelity is one of the largest asset managers worldwide with $3.3....
Asian Bitcoin investors now have a new custody option. Fidelity Investments — one of the largest asset managers in the world — continues to expand its global reach in the cryptocurrency industry through its dedicated crypto subsidiary.According to an Oct. 29 Bloomberg report, Fidelity Investments’s crypto branch Fidelity Digital Asset Services has partnered with a Singaporean startup Stack Funds to expand its custody services in Asia.Within the partnership, Stack Funds will provide access to Fidelity’s custody services to its clients in a bid to meet increasing demand from high-profile....
Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments’ digital assets subsidiary, Fidelity Digital Assets, is expanding its services. Founded in 2018, Fidelity Digital Assets currently employs about 200 people. The company is looking to fill 110 new positions to focus on assets beyond....
Fidelity said it wants to improve bitcoin custody and executive services and build products to "support the ecosystem."
Fidelity Digital Assets, the digital arm of Fidelity Investments, is set to double its staff this year to reinforce and meet the mounting demand of clients who continuously invest and trade in crypto assets 24/7. Currently having 200 employees, Fidelity Digital, with over $4.5 trillion worth of assets, is looking to hire people for the […]