Multi-trillion-dollar valued financial services provider Fidelity stated that its very much anticipated crypto trading and custody platform is in its final testing stage.
A “select set of eligible clients” have already been chosen for the platform’s on-boarding phase. At the moment, Fidelity is working on the final touches to the platform as they have auditors checking and re-checking existing policies and procedures as well as setting new benchmarks for this type of blockchain-based finance.
Our initial clients are an important part of our final testing and process refinement periods, which will eventually enable us to provide these services to a broader set of eligible institutions.
The company has not yet given an exact launch date however, previous rumors suggest that this will happen in March. The storage component of the platform is already accumulating assets for the company’s initial clients.
Over the next several months, we will thoughtfully engage with and stage prospective clients based on their needs, jurisdiction and other factors.
Initially, only Bitcoin and Ethereum will be supported by the Fidelity Digital Asset Services (FDAS) with “institutional-grade custody” included, among other services.