• Sun, 17 Feb 2019, 03:52 PM
  • All times are UTC
  • Edition:
    International
Link copied

Fidelity tests cryptocurrency platform with select set of clients

Fri, 01 Feb 2019, 07:33 am UTC

Financial services giant Fidelity has provided an update on the ongoing work geared towards the launch of its cryptocurrency trading and custody platform.

In October 2018, Fidelity announcedFidelity Digital Assets,” the new company will offer enterprise-quality custody and trade execution services for cryptocurrencies to sophisticated institutional investors.

In an online post dated January 31, Fidelity said that it has established a robust set of technical and operational standards and is serving a select set of eligible clients. It added:

“Our initial clients are an important part of our final testing and process refinement periods, which will eventually enable us to provide these services to a broader set of eligible institutions.”

Furthermore, the company said that its operations, risk, and compliance teams are actively working with auditors to refine policies and procedures, adapt existing operational processes, and to establish new benchmarks focused on cryptocurrencies.

“Over the next several months, we will thoughtfully engage with and stage prospective clients based on their needs, jurisdiction, and other factors,” it added.

Although Fidelity did not reveal the timeline for the full launch, sources familiar with the matter recently told Bloomberg that the company is aiming for a March launch date for its crypto custody service.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,633.33 (-0.13%)
  • Ethereum (ETH) $126.47 (+2.32%)
  • XRP (XRP) $0.300900 (-0.47%)
  • Litecoin (LTC) $43.28 (-1.43%)
  • EOS (EOS) $2.82 (-0.82%)
  • Bitcoin (BTC) $3,633.33 (-0.13%)
Feb 15, 2019 (Friday)
10:50
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
09:39
Rabobank pumps ‎€80M into venture fund to drive fintech and agtech investments
09:06
Enterprise Ethereum Alliance to launch token task force in 2019
07:21
BitTorrent unveils new payment card for BTT tokens
06:09
Luxembourg lawmakers pass blockchain bill into law
05:11
Canadian crypto exchange Coinsquare acquires StellarX
04:12
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
03:41
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed
Feb 14, 2019 (Thursday)
12:11
JP Morgan to trial own cryptocurrency ‘JPM Coin’ for instant client payments: Report
11:04
Intel announces new product to accelerate blockchain deployment
09:47
Huobi Wallet adds support for Japanese and Korean languages
09:11
US CFTC includes cryptocurrencies in 2019 examination priorities
07:24
Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25
06:07
Italian interbank blockchain project enters pre-production phase
05:14
Enterprise Ethereum Alliance opens regional office in China
04:16
UC Berkeley launches blockchain accelerator for early stage startups
03:39
Former JPMorgan Chase executive joins blockchain startup Vakt as CEO
Feb 13, 2019 (Wednesday)
11:46
New feature to enable Coinbase Wallet users to backup private keys on Google Drive and iCloud
10:52
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
09:45
Gibraltar Blockchain Exchange lists ICNQ token on GBX-DAX
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft