Fidelity Digital Assets

Fidelity Digital Assets runs a custody and trading platform for digital assets used by institutions, including RIAs and wealth management firms, single and multi-family offices, banks and broker-dealers, asset managers, hedge funds, pensions, endowments and corporate treasurers. It began serving clients in 2019 and is a subsidiary of Fidelity Investments.

Custody uses offline, cold-vaulted storage across multiple sites with a multi-tiered approval structure. Clients can trade from cold storage through smart order routing across a multi-venue liquidity network, with trading seven days a week and real-time settlement. Hedge funds and trading firms can use collateral accounts and off-exchange settlement. Fidelity Crypto for Wealth Managers lets U.S. RIA and family office clients of Fidelity Institutional hold clients' digital assets alongside other investments on the Wealthscape platform, with consolidated reporting. The business also issues a U.S. dollar stablecoin, the Fidelity Digital Dollar (FIDD), and publishes institutional research.

Its custody and trading entity, Fidelity Digital Assets, National Association, is a national trust bank. A UK entity is registered with the Financial Conduct Authority under anti-money-laundering rules. The business lists offices in Boston, London and Dublin, with Boston at 245 Summer Street. Pricing is not published.