One of the country’s largest asset managers received a license to set up a Bitcoin trading and storage platform for institutional and individual investors.
The New York Department of Financial Services on Nov. 19 announced that it had granted a trust charter to Fidelity Digital Asset Services LLC, allowing the company to establish a virtual currency custody and execution platform.
The new charter will allow Fidelity Digital Assets, the virtual currency unit of Boston-based Fidelity Investment Services Inc., to provide institutional investors and individuals a platform to store, trade, buy and sell Bitcoin.
“This approval is further evidence that innovation ...
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