MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Fidelity’s Digital-Currency Business Gets Green Light from New York State

TedTed
in The Bullpen
FYI: Fidelity Investments’ digital-currency business won state regulatory approval to operate in New York, a step expected to help the financial firm recruit new clients to its fledgling platform for storing and trading bitcoin.

New York’s Department of Financial Services said Tuesday it had granted Fidelity Digital Asset Services LLC a trust-company charter, authorizing the business to offer custody and trading services to institutional and individual investors.

A state charter frees Fidelity to work with hedge funds and other professional investors based in New York, and should also help the business clear the key hurdle to serve financial advisers and their wealthy clients, a Fidelity spokeswoman said.
Regards,
Ted
https://www.wsj.com/articles/fidelitys-digital-currency-business-gets-green-light-from-new-york-state-11574186487?utm_source=Daily+AR&utm_campaign=741e93684b-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_c08a59015d-741e93684b-144127017
Sign In or Register to comment.