The world’s fourth-largest asset manager and financial services provider, Fidelity, is considering the idea to expand its custodian services beyond Bitcoin to other assets in the crypto market, according to the statement made by the head of Fidelity Digital Assets, Tom Jessop.
As it was stated by Tom Jessop at the Block FS conference in New York, the firm is looking to expand its institutional crypto asset platform to include trading services for the top 5 to 7 cryptocurrencies ranked by market cap.
It is expected that Fidelity is looking to cement itself as the entry point for institutions into the digital asset market and already has more than 1,300 clients currently interested.
Earlier we reported that U.S. investment company Fidelity announced in October the launch of its digital assets custody and trade execution services in order to offer custody and trade execution services for digital assets, targeting institutional investors like “hedge funds, family offices, and market intermediaries.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.