A token of the virtual currency Bitcoin is seen placed on a monitor that displays binary digits in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration
The limited-purpose trust company charter from the New York State Department of Financial Services will allow the company to offer its cryptocurrency trading and custody services to companies based in the state, it said. Fidelity Digital Assets was launched in October 2018 with the aim of better serving traditional financial institutions looking to invest in cryptocurrencies such as bitcoin and ether.
Demand for digital currencies has been shifting since the company’s launch, Tom Jessop, president of Fidelity Digital Assets, said in an interview.