As cryptocurrencies have gained prominence, US-based financial institutions like Fidelity have been largely absent from the field. But interest in digital currencies is growing, particularly with the type of clients Fidelity’s new company plans to cater to. Major universities like Yale, Harvard, Stanford and MIT have begun investing in cryptocurrency funds, and with a company like Fidelity, which administers $7.2 trillion in assets, offering trading and custody services, more institutions may follow suit. “In our conversations with institutions, they tell us that in order to engage with digital assets in a meaningful way,…
Fidelity’s Digital Asset Services will manage cryptocurrency trading for investors
