Crypto Custody Services From Fidelity Set to Launch

Crypto Custody Services From Fidelity Set to Launch

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

In a new interview, the CEO of Fidelity Investments has announced the roll-out of their much-anticipated crypto custody service.

Speaking to The Financial Times, CEO, Abigail Johnson explained that after year-long preparation it was ready to venture into this new area of cryptocurrency investment. This was described by Johnson as “enterprise-quality custody and trade execution services”.

Before explaining the reasoning behind the new service,“There are people out there with significant amounts of wealth in cryptocurrencies, probably bitcoin, and they’re looking for somebody to hold those coins for them because in the event of their passing — which is going to happen at some point or another — you’ve got to have a plan to be able to get those coins to somebody else.”

The new service will be a rival to the pre-existing Coinbase Custody service which is well-established in the cryptocurrency world and is the world’s largest crypto custodian. However, as Johnson beliefs, is not one that has the same global presence as Fidelity. Stating that the leading crypto firm “is still a company that most people had never heard of, and they don’t have the existing relationships with the independent advisers.”


This follows a series of crypto-centric moves from the investment firm since the start of 2019. In March they announced the launch of a digital assets wing, which they appointed an ex-Coinbase sales exec to head up, who may or may not have had an input in this latest move. Then, in May, crypto trading was poised to launch. As such, this sees their sights further set on the fast-growing world of cryptocurrencies.

You can read the full interview at The Financial Times.

Recently Similar News

Latest Guides

Latest News

Changelly,Cryptocurrency,Trading

Changelly Helps Users Discover Where They Can Store Polkadot (DOT) Tokens

The Changelly blog has written an article helping their users determine the best places for them to store their DOT tokens. Changelly, the online cryptocurrency exchange, has created a new blog post to help users figure out where the best place to store their Polkadot (DOT) tokens. Polkadot (DOT) was created  by one of Ethereum’s […]

19 October, 2020
BitPanda,Cryptocurrency,Trading

BitPanda Announced the Launch of Their Own Cryptocurrency Index

BitPanda, the online cryptocurrency exchange, is launching what they call the first “real” cryptocurrency index. BitPanda, the large online cryptocurrency exchange platform, is launching what they say is the first “real” crypto index, which will be available on the BitPanda platform. BitPanda’s cryptocurrency index is very easy for its users to use and is completely […]

19 October, 2020
Binance,Bitcoin,Blockchain,Cryptocurrency

Binance Announced Two New Launchpad Project Partnerships This Week

Binance, the largest online cryptocurrency trading platform, is adding two new projects to the Binance Launchpad for user funding. Binance, the world’s biggest cryptocurrency exchange, is launching their first joint token offering from Binance Launchpad and Binance Launchpool, and is also releasing an additional Launchpool token. In their weekly report, Binance highlights other key factors […]

19 October, 2020
Bitcoin,Investment,Trading

Publicly Traded Companies Now Own $6.7 Billion Worth of Bitcoin

Some of the largest companies in the world are now starting to buy and hold Bitcoin, with over $6.7 billion in total Bitcoin owned amongst publicly traded companies. Companies such as MicroStrategy and Square have been in the news lately for their large acquisitions of Bitcoin ranging from 50 to 100’s of millions of dollars […]

19 October, 2020
Cryptocurrency

Kraken Announces Integration of Filecoin (FIL) Trading on Their Exchange

Kraken, one of the largest online cryptocurrency exchanges, is launching trading for Filecoin starting on October 15th. Kraken, the online cryptocurrency exchange, has announced their latest exchange addition with the ability for their users to start trading Filecoin (FIL) starting on October 15th. This is a mainnet listing, not a recent addition, meaning that trading […]

19 October, 2020
Bitcoin,Blockchain,Cryptocurrency

What is the Intrinsic Value Of Bitcoin? Kraken Intelligence Explores

Kraken Intelligence, the research arm of the Kraken cryptocurrency exchange, tries to identify the intrinsic value of Bitcoin. Many people question what the intrinsic value of Bitcoin is, and Kraken Intelligence, the intelligence wing of the Kraken crypto exchange, works on answering this question. Although it is hard to precisely define the entire intrinsic value […]

19 October, 2020
Binance,Bitcoin,Cryptocurrency

Binance Partners With Alpha Finance Lab to Give Away $3,000 in ALPHA

Binance, the largest online cryptocurrency exchange platform, has partnered with ALPHA to giveaway $3,000 of their native token via lottery numbers. Binance, the worlds largest online cryptocurrency exchange, has partnered with Alpha Finance Labs to give away $3,000 worth of ALPHA during their token sale taking place on Binance Launchpad.  All you have to do […]

19 October, 2020
Blockchain,CoinMarketCap

CoinMarketCap Launches CoinMarketCap Earn Campaign With Terra Money

CoinMarketCap, the largest online cryptocurrency market capitalization aggregator, is partnering with Terra Money to give away some of their native tokens through an earn campaign. CoinMarketCap, the world’s largest crypto market cap aggregator, is launching their latest earn campaign with Terra Money in order to give tokens to users who learn about the platform. Users […]

9 October, 2020