Fidelity Digital Asset Services (FDAS) is “now engaged in a full rollout” of its custody and trading services, expanding from the limited trial users in the platform’s final test stage, according to a Financial Times interview.

The business had initially been expected to be open in the first quarter of 2019.

In an interview with Fidelity Investments CEO Abigail Johnson, the FT said:

“Fidelity started adding clients in the first quarter and is now engaged in a full rollout of its custody and trading services for digital assets — a boon to what is a fragmented and complicated industry, Ms Johnson told the FT in a rare interview.”

A Fidelity spokesperson was unable to clarify when the platform was officially launched.

CoinDesk reported in February that Fidelity’s crypto custody and trading services platform was being tested by a limited number of clients including hedge funds, family offices and financial advisors.

The $2.8 trillion asset manager is one of the first established traditional financial institutions to offer digital asset custody services as other peers are still waiting to see how the crypto industry comes into formation.

While there…



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Author: David Pan

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