Fidelity Investments Continues To Expand Its Global Reach In The Crypto Industry
Fidelity Investments Continues To Expand Its Global Reach In The Crypto Industry
November 2, 2020
Fidelity Investments Continues To Expand Its Global Reach In The Crypto Industry
Fidelity Investments Continues To Expand Its Global Reach In The Crypto Industry
November 2, 2020

Fidelity Investments, one of the largest asset managers in the world, continues to expand its global reach in the cryptocurrency industry through its dedicated crypto subsidiary.

It has been reported that Fidelity Investments’ crypto branch Fidelity Digital Asset Services has partnered with a Singaporean startup Stack Funds to expand its custody services in Asia.  

However, within the partnership, Stack Funds will provide access to Fidelity’s custody services to its clients in a bid to meet increasing demand from high-profile investors and family offices in the region.

Stack Funds executives said that custody assets will be subject to monthly audits and investor protections like insurance coverage.

Christopher Tyrer, the head of Fidelity Digital Assets Europe, said that the new partnership will give the company a better picture of investor demand in Asia.

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He added:

“There is a critical need for platforms which have a deep understanding of what local and regional investors are looking for has historically been lacking in the digital asset space.”

Since its launch in late 2018, Fidelity Digital Assets has been expanding its services worldwide.

In December 2019, Fidelity Digital Assets established an official entity in the United Kingdom to provide services to European institutional investors.

Thus, crypto-related demand is rapidly growing in Asia as a large number of companies have been expanding their services to the region in recent months.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.