More

    Fidelity Opens A New Entity In London To Serve Digital Assets To European Institutional Investors

    One of the leading global digital asset managers, Fidelity Investments, has announced its intentions to open a new entity that will be based in London targeting European digital assets institutional investors.

    In a press statement on Tuesday, the company revealed that the new subsidiary will work under Fidelity Digital Asset Services (FDAS). The firm operates in New York after acquiring a charter as a limited liability trust firm. The new subsidiary was incorporated on Dec. 16, 2019 and will offer custodial as well as trading services to hedge funds and family investors as well as market intermediaries based in Europe.

    The company has already settled for Chris Tyrer who will be the overall in-charge of the FDAS affairs in Europe. Tyrer comes with a vast experience having served as the head of Barclays Investment Bank previously where he was tasked to lead the bank’s digital prospects.

    He has also previously worked as the overall global in-charge of Barclays commodities trading. In the current job, Tyrer is tasked to lead customer service activities in Europe. Tyrer became a member of Fidelity Digital Assets back in April and has been crucial for the firm’s attraction of new clients from London and other European cities.

    Tom Jessop, the head of the firm explained that the firm has experienced increased interest as well as engagement from the institutional community and sees no slowing signs in the near future. He added that the firm has been highly encouraged by the entrance of conventional exchanges in to the virtual assets space. He also stated that there has been high interest of the firm’s services coming from UK and other European countries, which is a sign that the region holds a lot of growth potential.

    FDAS was launched one year ago and has seen tremendous growth and just last month it acquired a trust license from NY authorities to provide Bitcoin custodial services for institutions in the region. The company announced that it will bring on board its first client before the end of this year.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Joseph Kibe
    Joseph Kibe
    Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,351FansLike
    2,770FollowersFollow
    4,133FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Bitwise Plans To Target Retail Investors With Its Crypto Index Fund

    Bitwise has revealed that plans are underway to allow the retail market to participate in its large-cap index service. According to CoinDesk, Bitwise is working...

    Binance's Educational Platform Opens Up Government Approved Office in Shanghai

    Binance, one of the most popular crypto exchanges in the crypto-verse which also has many subsidiaries including Binance Academy (a blockchain and crypto-centred educational...

    XRP Trying to Retrace Months of Underperformance But Remains in a “Corrective” Structure

    XRP is up 12.5% but could still jump another 23%, A clean break above $0.21 would be “very bullish” Ripple granted an exemption...

    23k BTC on CME Futures and 50k BTC in Options Expiring Today

    Bitcoin is currently down 0.05% in the past 24 hours trading around $6,640 after hitting $6,872 last night, yet again rejected at $7,000 level....

    Microsoft Files Patent To Mine Cryptocurrencies With Verified Body Activity Data

    Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.