Fidelity Digital Assets Announces Increased Institutional Interest in Cryptocurrencies

Fidelity Digital Assets (FDAS) attracts more 20 developers to expand cryptocurrency services due to the increased interest of institutional investors.

Technical Director of Fidelity Digital Assets Peter Farland (Peter Farland) reported, that the company provides storage services Bitcoin for hedge funds and other organizations with 2018 of the year. However, given the economic situation this year, Among financial organizations there is a growing demand for cryptocurrency trade services, as well as castodial services.

To satisfy customer needs, FDAS needs additional resources. In the coming months, the company plans to attract more 20 technical specialists in the field of cryptocurrencies and the latest technologies to expand activities in this direction.

Fidelity Digital Assets intends to create new safe and scalable products, with the help of which it will be easier to invest in bitcoin institutions, ether and other crypto assets. The initiative is aimed at the widespread introduction of cryptocurrencies in different areas of activity. It is quite possible, that the Fidelity Investment investment company will be able to provide services to traditional banking organizations.

The interest of institutional investors in cryptocurrencies was also facilitated by clarification, Published by the Office of the Controller of Cash circulation of the United States (OCC) For American banks. According to OCC, They are allowed to store funds to provide stablecoins, tied to one currency, in a ratio 1:1.

Earlier, Fidelity Digital Assets analysts said, that bitcoin has the basic characteristics of the accumulation means and can become insurance against the background of the problems of the existing financial system.