From Fidelity’s plan to bring Bitcoin to institutional investors, to the expansion of Stellar and VeChain, here’s a look at some of the stories breaking in the world of crypto.
Financial giant Fidelity reportedly plans to launch its Bitcoin custody service for institutional investors in March. Bloomberg cites three people with knowledge of the matter who say custody for Ether will follow.
“In October, the Boston-based firm announced it would offer a range of crypto products designed for large investors like hedge funds. Bitcoin storage will be the first one available, according to employees of three firms that spoke with Fidelity in the past several weeks and asked not to be named discussing plans that are still private. Ether custody is expected to be next, they said.”
Fidelity says it’s already offering crypto custody to a select group of customers ahead of the official roll out.
“We are currently serving a select set of eligible clients as we continue to build our initial solutions,” the company said in a statement Tuesday. “Over the next several months, we will thoughtfully engage with and prioritize prospective clients based on needs, jurisdiction and other factors.”
Ripple and XRP
Ripple CEO Brad Garlinghouse talks about the future of digital assets at the Blockchain for Europe summit in Brussels.
Garlinghouse says he believes digital assets will be utilized as a mainstream form of payment in about five to 10 years.