Fidelity Digital Assets to provide custody for London-based Nickel Digital Asset Management
January 14, 2020, 1:35PM EST
1 min read
Fidelity Digital Assets will soon provide custody services for bitcoin held by London-based crypto investment firm Nickel Digital Asset Management.
Founded in 2018 as the digital currency arm of Fidelity Investments, the $7.8 trillion investment management giant, Fidelity Digital Assets formed a U.K branch in Dec. 2019 to expand its custody and trade execution services to Europe.
Nickel would be Fidelity Digital Assets’ first European partner fund, according to a press statement, as the latter is set to help Nickel secure digital assets using long-term cold storage.
"Having just entered the European market at the end of last year, we’ll continue to meet with investors who are currently investing in or planning to invest in digital assets," Fidelity Digital Assets' Europe head, Chris Tyrer, told The Block. "Our focus will be on developing our European client base and delivering operational and service excellence."
Tyrer is optimistic about the prospect of increasing institutional interests in the new year.
"Since we entered this market, we’ve already seen a maturation of interest, which has progressed from the early adopters to more mainstream interests from the likes of family offices and endowments, for example," he said.
Meanwhile, the company is building trading tools targeted at institutional clients and considering adding ethereum to its platform, President of Fidelity Digital Assets, Tom Jessop, told The Block last month in an episode of The Scoop.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.
Bloomberg reported Friday that a broad U.S. government investigation into the operator of crypto exchange Binance has widened to include "whether Binance or its staff profited by taking advantage of its customers."
The securities regulator for Alabama issued a show-cause order on Thursday to crypto lender Celsius, seeking an explanation for why its offerings don't constitute the sale of securities under state law.
LMAX Group robust technology and familiar institutional grade trading infrastructure (currently processing over 2 billion orders per day in the global FX market) is the solid backbone of LMAX Digital, delivering access to deep institutional liquidity, transparent price discovery, a regulated trading environment and a full custodian trading solution.