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Fidelity plans to officially launch its crypto-custodial service this spring

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david nick
Fidelity plans to officially launch its crypto-custodial service this spring

The launch of the crypto-custodial service of the asset management company Fidelity Investments can take place in March, CoinDesk writes .

The asset storage component of Fidelity Digital Asset Services LLC (FDAS) is already working and is used to manage some of them, a source familiar with the situation said.

“Currently, we serve a limited number of clients qualified to work with the service, while we continue to work on initial solutions ourselves,” the company said.

“In the coming months, we will interact with customers and select the most promising ones based on needs, jurisdiction and other factors.”

According to Bloomberg, the company will initially present a solution for storing Bitcoin, and then Ethereum.

The launch in March is consistent with earlier comments from FDAS CEO Tom Jessup.

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