Speaking with Bloomberg, Christopher Tyrer, head of Fidelity Digital Assets Europe spoke about the company’s latest Asian expansion. “There is a critical need for platforms which have a deep understanding of what local and regional investors are looking for,” Tyrer detailed. “[Something that] “has historically been lacking in the digital asset space,” he added.
Stack Funds cofounder, Michael Collett, detailed that the FDAS expansion into Asia will offer a number of benefits to family offices and high-net-worth investors. Collett revealed services will offer digital currency insurance and monthly audits as well.
During the Asian expansion announcement, Collett said that the firm didn’t expect the mid-March market crypto rout, otherwise known as ‘Black Thursday.’
However, since the market downturn, crypto markets have picked up and Stack Funds has noticed more inquiries.
“This year has been tough as far as getting people into Bitcoin because it didn’t cover itself with glory in the market downturn,” Collett stressed. But “since the dark-dark days of March we’ve had inquiries pick up again,” the Stack Funds cofounder added.
What do you think about Fidelity Digital Asset Services expanding into Asia? Let us know what you think in the comments section below.
The post Fidelity Investments’ Digital Asset Custody Services Arm Expands to Asia appeared first on Bitcoin News.
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