Fidelity announces Ethereum custody for Institutional Clients
Ethereum [ETH] garnered a significant boost following its shift to proof-of-stake [PoS] through the Merge. The demand and adoption rate of the crypto asset soared. At the beginning of October, Fidelity announced the launch of an Ethereum Index Fund. Now, further broadening its interest in the altcoin, the firm declared the launch of ETH custody and trading services for its institutional clients. An email was reportedly circulated to Fidelity ’s clients announcing the launch of the aforementioned services. The firm revealed that starting from October 28, 2022, new “Institutional Ethereum capabilities” for institutional investors would be offered. The email read, “Institutional Ethereum capabilities are coming to the Fidelity Digital AssetssM platform on October 28, 2022. Investors will be able to buy, sell, and transfer ether, accessing the same operational excellence, robust security, and dedicated client service model provided for bitcoin investments ...