11.20.19
Fidelity Wins Bitcoin Trading and Custody Licence in New York
by: Hannah Murphy
Fidelity Investments has been granted a trust license to offer trading and custody of bitcoin by the New York State Department of Financial Services (DFS). The move allows Fidelity's new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said. Michael O'Reilly, chief operating officer for Fidelity Digital Assets, said, “The custody and trade execution services that we provide are essential building blocks for institutional investors' continued adoption of digital assets.”
Read the full article on Financial Times