An American multinational financial services Fidelity Investments Inc. has announced it's opening a new office in London to serve European institutions investing in digital assets.
Fidelity Digital Assets will reportedly offer access to enterprise-quality custody and trade execution services for cryptocurrencies to hedge funds, market intermediaries and family offices.
The Head of Corporate Business Development for Fidelity Investments and president of Fidelity Digital Assets SM Tom Jessop claims the company "is encouraged by continued corporate and venture investment in market infrastructure companies as well as the entry of traditional exchanges into the digital assets ecosystem."
"Since launching Fidelity Digital Assets in the U.S. over a year ago, we’ve seen significant interest and engagement by the institutional community, which show no signs of slowing," Jessop added.
Earlier iHodl reported that the world’s fourth-largest asset manager and financial services provider, Fidelity, was considering the idea to expand its custodian services beyond bitcoin (EXANTE: Bitcoin) to other assets in the crypto market.
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