American financial giant Fidelity Investments announced that their crypto subsidiary, Fidelity Digital Asset Services (FDAS), will release its depositary service by March. According to reports, FDAS will initially only support BTC. If successful, they will also introduce Ethereum (ETH).
Representatives of Fidelity Investments said the following:
We currently serve a limited number of customers. Over the next few months, we will carefully interact with all potential customers and determine their priorities depending on needs, jurisdiction and many other factors.
The March launch will confirm the deadlines previously set by Tom Jessop, the executive director of FDAS.
Joseph Young, a leading crypto journalist, said:
If Fidelity launches the depositary system for BTC by the end of the first quarter, it will mean that it will see some demand from institutions. Blockchain, Coinbase and other companies have laid off executives responsible for institutional clients. Let's see how Fidelity is moving forward.
And what do you think about this?
