• Thu, 22 Aug 2019, 08:55 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
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. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,973.86 (-2.19%)
  • Ethereum (ETH) $185.76 (-1.25%)
  • XRP (XRP) $0.263800 (-0.86%)
  • Bitcoin Cash (BCH) $297.66 (-1.23%)
  • Litecoin (LTC) $72.64 (+0.21%)
  • Bitcoin (BTC) $9,973.86 (-2.19%)
Aug 22, 2019 (Thursday)
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
07:24
Travelport, IBM, BCD Travel to develop blockchain solution for hotel commissions
07:19
Trade.io ends relationship with Forbes CryptoMarkets portal
06:25
Winklevoss twins-owned crypto exchange Gemini expands to Australia
06:20
South Korea’s Woori Financial to develop blockchain-based financial services with Ground X
06:17
Crypto Technicals: Bitcoin Gold hits 5-month lows below $13, momentum studies bearish
05:39
Digital securities platform Securitize becomes SEC-registered transfer agent
04:01
Indian Supreme Court grills RBI for cryptocurrency banking ban
03:49
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
03:34
Korean crypto exchange Prixbit shuts down over financial crisis
03:31
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
12:56
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
09:02
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft