Fidelity Digital Assets announced the expansion of its institutional crypto business to Europe.
The United States-based Fidelity Investment, a leading financial services company has is Ready to Take over the Europe market. , On 17 December 2019 – Fidelity Investments, one of the world’s most diversified financial services firms, announced that it is establishing a new entity to serve European institutions investing in digital assets, Institutional clients will enjoy a range of services, including trade execution and custody services.
Besides institutions, the entity will also deal with Europe based hedge funds, market intermediaries and more. The company already has a long list of U.S. clients.
Investors were awaiting Fidelity Digital Assets Europe division
Head of Corporate Business Development for Fidelity Investments and president of Fidelity Digital Assets, Tom Jessop says that ever since the company tasted huge success in the US market, it planned to enter Europe as well.
Tom Jessop Said “SaysSince launching Fidelity Digital Assets in the U.S. over a year ago, we’ve seen significant interest and engagement by the institutional community, which show no signs of slowing We’re also encouraged by continued corporate and venture investment in market infrastructure companies as well as the entry of traditional exchanges into the digital assets ecosystem. Continue Read…
Fidelity Digital Assets Has Interesting Plans For Europe.
Fidelity Digital Assets Europe will provide myriad services to its European clients well. The range of services will focus on foundational solutions that will act as building blocks for these financial institutions.
The key services entail custody service, providing institutions secured and compliant storage solutions. Also, it Will offer vaulted cold storage, cyber controls, and multi-level physical storage solutions. and trade execution services that help clients carry out high-speed trades on a liquidity-rich platform. As Well as It will include its time-tested smart order router and internal crossing engine, Chris Tyrer will head the Fidelity Digital Assets Europe operations.
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