The crypto news today show that the digital currency wing of the United States financial services giant Fidelity, is now launching live with a select group of clients. The announcement went live and was officially published by the firm on March 8th.
As a tweet that acts like a crypto press release noted:
“We are live with a select group of eligible clients and will continue rolling out slowly. Our solutions are focused on the needs of hedge funds, family offices, pensions, endowments, other institutional investors.”
Previously, Fidelity announced that the platform was in its final testing stages of the new digital asset service. The company also stated that it has been developing its platform to meet the institutional trading and custody standards as well as adhere to the regulatory requirements.
This week, the head of Fidelity Digital Assets named Tom Jessop stated that the company is now live – but that there are still some parts of the platform which are under development. He noted that while some users have been on the platform since January, others may wait until September – mostly because it “really depends on the facts and circumstances of each client.”
According to Jessop, institutional interest in cryptocurrencies has continued to grow in spite of the bearish market.
“If anything, they are as encouraged now as they were when prices were higher,” he concluded.
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