Fidelity Might Increase Crypto Custody To More Assets
Fidelity, the world’s fourth-largest asset manager is looking into the possibility of expanding its custodian services beyond Bitcoin to other assets in the crypto market.
The head of Fidelity Digital Assets, Tom Jessop, a cryptocurrency custodial service provider operated by Fidelity, said that the organization is evaluating the demand for the top five cryptocurrencies in the market and may potentially integrate support for the remaining assets.
The Fidelity executive said:
“I think there is demand for the next four or five in rank of market cap order. So we will be looking at that.”
The announcement of Jessop arrives in a period amid which major money related organizations like $70 billion Goldman Sachs and $27 billion State Road are sitting tight for either administrative clearness or adequate interest from clients to help digital forms of money.