A giant firm offering investment management services such as mutual funds, annuity management and fund platforms to both private and institutional investors, Fidelity International, is trying to explore Bitcoin, cryptocurrency and blockchain technology further, and this could see Bitcoin gain a lot of traction.
Fidelity International is an investment subsidiary of Fidelity Investment. The latter has already launched a custody operation in May, which is now known as Fidelity Digital Assets, and also launched a Bitcoin Custody Service in February this year, to keep BTC belonging to its more than 20 thousand institutional users. The company will help other bull institutions to get involved into this lucrative young sector. It is also almost making its trading desk live.
According to the Finance News, some senior staff from different sections of the multinational business, are now trying to delve into blockchain and distributed ledger technology. They are looking for the best ways to package the technology for private and public use.