Fidelity to launch its crypto custody business in March

On Tuesday, Bloomberg announced that Fidelity could introduce their digital asset custody services in March. The report wasn’t denied by a Fidelity spokesperson. This comes just four months after creating the new company that will offer trading/investing services to institutional investors. 

As a reminder, Fidelity Investments Inc. is one of the largest asset managers with more than $2.4 trillion in assets under management. 

The company had previously stated it is currently building the infrastructure to handle the surging demand for digital assets. Building a secure ecosystem on such a large scale takes time so it is not guaranteed yet we could see them start operating in March. 

Stay tuned!