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.
The crypto exchange's new CEO also said he aims to repair relationships with regulators.
With NFT collectibles now fetching prices in the millions of dollars, the firm said owners need a custody service.
The custodian’s bank charter allows it to hold digital assets for broker-dealers and their clients, said Anchorage CEO Nathan McCauley.
The latest OCC statement, which opens the door for banks to use blockchains to validate payments, hints at more than just better services.
An innovative region far from the center of financial power is taking meaningful steps towards reforming finance from the edges.