Financial services giant Fidelity is set to open its bitcoin custody service by the end of March 2019.
According to Bloomberg, bitcoin custody will be the first available service to investors with ether storage following. This move follows up on their October announcement of offering products for large investors such as hedge funds, family offices and other institutional types. The company aims to allay the crypto trading worries of Wall Street and wet the burgeoning appetite for the new asset class with new products.
Abigail Johnson, Chief Executive Officer, has long been a fan of digital assets and introduced Fidelity into bitcoin mining in 2015. It is no surprise that the company continues to lead the financial services industry into what many see as the future of banking and investing.