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Fidelity bags $13 billion AUM digital assets win to its custody, as federal regulators attempt to move Bitcoin custody from 'weirdo websites' to mainstream banks

Backed internally by CEO Abby Johnson, the Boston giant spent five years working in silence on its crypto subsidiary, Fidelity Digital Assets. In 2018, it launched. Now clients, like Kingdom Trust, with RIA assets, are validating Abby's gamble.

Author Oisin Breen July 29, 2020 at 7:27 PM
1 Comment
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Christine Sandler: Support[ing] natively digital assets is a marathon, not a sprint ... this year in particular, we’ve seen more interest than ever.

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Brian Patrick Murphy

Brian Patrick Murphy

July 30, 2020 — 6:03 PM
This is a very interesting move on the part of both Fidelity and Kingdom. I suspect crypto is going to become much more mainstream over the coming years - not as a core portion of client accounts , but as small, "satellite" accounts. Looking forward to bigger developments here!

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