Fidelity’s Charity Arm Has Raised $106 Million Crypto Donations Since 2015

Fidelity Charitable, the charity arm of Fidelity Investments, released its annual report in July, which showed that the company received over $106 million worth of cryptocurrencies in donations since it began accepting them in 2015. Donations in cryptocurrencies have mirrored the asset’s trajectory in crypto markets. In 2017, Fidelity received over $69 million in crypto donations. But that figure declined by more than half to … Continue reading Fidelity’s Charity Arm Has Raised $106 Million Crypto Donations Since 2015

Fidelity’s Crypto Arm Files For Trust License

Fidelity Digital Asset Services (FDAS) has applied for a Trust License in New York. The license will enable FDAS to provide storage and trading solutions for digital assets. Arthur Long, a lawyer with law firm Gibson Dunn, told online publication The Block that the trust license is more “expansive” as compared to BitLicense, New York’s license for crypto firms. “A trust license allows a firm … Continue reading Fidelity’s Crypto Arm Files For Trust License

Fidelity Announces Cryptocurrency Offerings For Clients

The big boys are coming to play in cryptocurrencies. Asset management giant Fidelity Investments yesterday announced its entry into the cryptocurrency ecosystem with Fidelity Digital Assets – a new service aimed at institutional investors. The new business will provide three offerings to customers – custody solutions for coins, cryptocurrency trade execution through matching of counterparties, and customer service for bitcoin and ethereum’s ether. The Boston-based … Continue reading Fidelity Announces Cryptocurrency Offerings For Clients