Fidelity Digital Assets

Updated Jan 26, 2024 at 7:21 p.m. UTC

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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This article was originally published on Jul 22, 2020 at 10:06 p.m. UTC


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Noelle Acheson

Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice.

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