Group Backed by ING Bank, Fidelity and Standard Chartered Releases Crypto AML Tools
The Travel Rule Protocol working group has published the first version of its TRP API.
Fidelity Digital Assets has responded to some of bitcoin's most frequent criticisms citing heightened interest in the cryptocurrency.
Fidelity said it wants to improve bitcoin custody and executive services and build products to "support the ecosystem."
Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets.
The cryptocurrency-focused arm of financial services giant Fidelity Investments is expanding its custody service through Singapore-based Stack Funds.
"In a world where benchmark interest rates globally are near, at, or below zero, the opportunity cost of not allocating to bitcoin is higher," the report said.