American-based Fidelity investment firm announced that its Bitcoin Custody service will be launched by March. Fidelity reportedly administers over $7.2 trillion in client assets.
The company offers custody and trade services for digital assets. They target institutional investors such as “hedge funds, family offices, and market intermediaries” but not open to retail investors now.
Fidelity says that they are currently serving a select set of eligible clients as they continue to build their initial solutions. “Over the next several months, we will thoughtfully engage with and prioritize prospective clients based on needs, jurisdiction and other factors” the company added.
As The Crypto Sight recently reported, Major Swiss private bank Vontobel offers a full end-to-end custody service for digital assets called “Digital Asset Vault”.