Fidelity to Launch Bitcoin Custody Service

Fidelity to Launch Bitcoin Custody Service

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter.

Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will be the next to be added.

Custody is a market niche that is still under development in the United States. Many startups offer the safekeeping service, however, “many Wall Street professionals have longed to work with a large financial services firm, a role Fidelity may fill. Others including Bank of New York Mellon Corp., JPMorgan Chase & Co. and Northern Trust Corp. have explored entering the field,” said the Bloomberg report. “Meanwhile, digital coins are constantly stolen, underscoring the need for better safeguards.”

Fidelity is taking the lead on cryptocurrencies exploration and implementation in the investment market of the United States.

Back in June, the firm started to build up a crypto team “to help engineer, create, and deploy a Digital Asset exchange to both a public and private cloud,” as a note of Business Insider recalled in June.

Also, as Bloomberg report in its article, Fidelity CEO Abigail Johnson has been a pro-crypto voice in the past. “Under her leadership, the firm began mining Bitcoin in 2015. She is betting the business, dubbed Fidelity Digital Assets, will appeal to Wall Street’s relatively nascent appetite for trading and safeguarding digital currencies.”

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin,Cryptocurrency,USA

Navigating Crypto Currency in the EU: Understanding MiCA and Future Regulations

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter. Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will […]

10 September, 2025
Bitcoin,Cryptocurrency,USA

Japan Bitcoin Update: Tax Cuts and Market Shifts on the Horizon

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter. Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will […]

9 September, 2025
Bitcoin,Cryptocurrency,USA

Japan’s Regulatory Landscape: Preparing for the First Yen-Pegged Stablecoin

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter. Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will […]

8 September, 2025
Bitcoin,Cryptocurrency,USA

Japan Gears Up for First Yen-Pegged Stablecoin Launch

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter. Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will […]

7 September, 2025
Bitcoin,Cryptocurrency,USA

Circle and SBI Drive USDC Expansion in Japan: Paving the Way for Regulated Stablecoin Growth

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter. Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will […]

6 September, 2025
Bitcoin,Cryptocurrency,USA

Japan Set to Lift Ban on Select Stablecoins by June 2023: What Investors Need to Know

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter. Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will […]

4 September, 2025
Bitcoin,Cryptocurrency,USA

Binance Forges Alliance with Mitsubishi UFJ for Japanese Stablecoin Launch

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter. Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will […]

3 September, 2025
Bitcoin,Cryptocurrency,USA

USDC Secures Landmark Approval in Japan, Paving Way for Wider Stablecoin Adoption

Boston based financial firm Fidelity Investments is ready to launch a Bitcoin custody services in March according to a Bloomberg report citing three people familiar with the matter. Fidelity is working on a cryptocurrency custody service that is expected to be launched in March with the Bitcoin storage as the first crypto available. Then, Ethereum will […]

2 September, 2025