Fidelity Digital Assets (FDAS) is part of Fidelity Investments, one of the world’s largest financial services providers. Fidelity Investments currently has more than $ 7 trillion in client assets under administration and over 1.3 million trades processed each day.

FDAS started out as part of Fidelity’s Blockchain Incubator, which started exploring cryptocurrencies and blockchain technology in 2013.

The division was officially launched as a standalone business in October 2018 to offer enterprise-quality custody and trade execution services for crypto assets to sophisticated institutional investors such as hedge funds, family offices and market intermediaries.

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