Fidelity: About the Platform
Fidelity is a financial services giant with over 10 thousand employees. In October 2018 they announced the launch of a separate entity, Fidelity Digital Asset Services, which will focus on cryptocurrency custody and trade execution for institutional investors.
The Cryptoasset Custody Solution
Fidelity announced a business-grade offline cold storage solution for cryptoassets. The solution will leverage security methods created for other areas of Fidelity’s business as well as physical segregation and controls.
The solution will be available for BTC, ETH and several other assets that remain unspecified.
The Trade Execution Solution
Besides digital asset custody, the new Fidelity service will provide an efficient way to trade cryptocurrencies.
It will use an existing Fidelity product that effectively works as a router, selecting the best price available from a set of participating exchanges.
This execution engine will probably be used for arbitrage among participating cryptoasset market, making additional revenue.
It is not known which crypto trading platforms will be working with Fidelity but it is expected Fidelity will impose strict requirements with regards to regulatory compliance.
Fidelity: Token Promotion & Results
Neither Fidelity nor Fidelity Digital Asset Services is a company with tokenized assets.
Fidelity is not new to the crypto trading business, though: It is not widely known but Fidelity started bitcoin mining in 2015 on a location in the US.
Fidelity also has a business deal with Coinbase - Fidelity customers are able to check their Coinbase cryptocurrency balances through the Fidelity app.
The official Twitter @fidelity publishes mainly marketing communications targeting aspiring traders and investors. It has gained over 230k followers as of October 2018 with substantial spikes around the October announcement of crypto custody solution.
The Business Intelligence for Fidelity
Fidelity Investments provides fund distribution and investment advice services, wealth management, securities execution and clearance as well as a number of other services.
Among projects Fidelity invested in are well-known names such as Reddit, MongoDB, New Relic, Group or Spotify.
Fidelity is based in Boston, MA.
Investing in Fidelity
The new Fidelity venture Fidelity Digital Asset Services started onboarding first clients right after its launch in October 2018.
Services are to be generally available early in 2019, according to CNBC.
Data is beautiful
Top 8 Women in Blockchain Technology [Infographic]
When it comes to women in crypto, the pre-2016 OG heads will probably come up with names like Alena Vranova and Blythe Masters. Alena Vranova is the former CEO of Satoshi Labs, the company that...
Blockchain Consortium in Trade Finance: 6 Notable Networks [Infographic]
The success of trade finance blockchain implementations depends on how widely they are adopted. That's why we have seen businesses form consortia based on similar interests.
Comparing Forex Market with Cryptocurrency Markets [Infographic]
One of the few metrics that cryptocurrency markets have in common with the forex markets in 2018 is the high percentage of total trades being located on few most popular markets.
Brand development in forex and crypto: Most expensive domain names [Infographic]
Crypto infographics - Most expensive domain names in forex and crypto. Targeted brand development in forex and crypto with domain names.
Blockchain Technology 101: Blockchains, Blocks and the Role of Price [Infographic]
Blockchain technology 101: What is blockchain, what types of blockchains exist and what role does the cryptocurrency price play.
Real-world companies that accept crypto payments [Infographic]
Infographic - Graphic map of businesses that let customers pay in bitcoin.
Infographic: Blockchain Hacks & Crypto Trading Platform heists 2018 vs 2017
Blockchain infographic comparing the biggest crypto heists of 2018 and 2017. In 2017 the focus lied more on ICOs, smart contracts and wallet.
15 crypto kings that are making history with their engagement in the field of cryptocurrencies
Coining The Bucks With Cryptocurrencies Have you ever wondered how much masters of the cryptocurrencies are worth? Like the guy who founded Ethereum, or the one who started Ripple, for example. The answer, in short,...
The Good And The Bad Of ICOs
Infographic: The good and bad of ICOs - Which token sales raised the most money in 2018?
Industry News Releases
While the leaderboards are getting filled up with variety of blockchain games sporting all sorts...Read >>
- Devery Doubles Down on B2B Enterprise Solutions
- Wyre acquired Hedgy, platform for smart contracts on Bitcoin
- Blockchain KYC Platform traceto.io Partners with Yincubator
- Zilliqa announced blockchain grants for technology developers
- SALT Lending on the inquiries about the state of their business
- BitGo, Kyber Network and Republic Protocol announced development of a Bitcoin-backed ERC20 token
Also by Diana (Editor)
Released on July 05, 2018 06:24:49 AM by Diana (Editor) Read >>
Released on October 31, 2018 07:47:18 AM by Diana (Editor) Read >>