About Us Fidelity Digital AssetsSM is a subsidiary of Fidelity Investments® and operates as a separate business dedicated to digital assets. Building the Future of Finance Fidelity Digital AssetsSM is dedicated to building products and services that help institutions adopt digital assets and innovate within the increasingly digital world of finance. Fidelity Investments began researching blockchain technology and digital assets solutions more than seven years ago, resulting in the creation of a dedicated business for this innovative asset class, Fidelity Digital AssetsSM. Our years of research and development have provided us with the deep expertise necessary to educate our clients and remove the obstacles of investing in the digital asset market. A Fidelity Business Fidelity Digital Assets is a subsidiary of Fidelity Investments and operates as a separate business dedicated to digital assets. Our team combines the operational and technical experience that institutions and investors have grown to expect from a Fidelity business to deliver a completely new offering for this asset class. Our history Fidelity began researching bitcoin and developing blockchain solutions in 2014. After seeing demand from its clients, Fidelity developed a dedicated business, Fidelity Digital Assets. Today, we service hundreds of institutions globally. 2014 Fidelity began researching digital assets and blockchain technology Fidelity was one of the first traditional financial firms to formally research bitcoin and blockchain technology. This work laid the foundation for our business today. 2015 Dedicated blockchain incubator formed The Fidelity Center for Applied Technology formed a dedicated blockchain incubator and bitcoin mining operation. 2015 Fidelity Charitable® accepts first bitcoin donation The first donation in bitcoin to donor-advised funds is made in Fidelity Charitable, a trend that continues to grow with $330 million in cryptocurrency donated in 2021. 2016 Bitcoin custody proof of concept initiated Fidelity Investments released its first proof of concept for an in-house custody solution to securely store the bitcoin being mined by the Fidelity Center of Applied Technology. 2017 Fidelity CEO speaks at Consensus CEO of Fidelity Abby Johnson spoke at the digital asset conference Consensus sharing her early belief in the industry. “Blockchain technology isn’t just a more efficient way to settle transactions, it can fundamentally change market structures and perhaps even the architecture of the internet itself,” she remarked. 2018 Fidelity Digital Assets announced Fidelity announced its plans to launch a dedicated subsidiary in the U.S., Fidelity Digital AssetsSM, to offer bitcoin custody and execution services to institutional investors. 2019 Fidelity Digital Asset Services, LLC receives NY Trust Charter The New York State Department of Financial Services granted a charter under New York Banking Law to Fidelity Digital Asset Services, LLC. 2020 Fidelity Digital Assets, Ltd. launches in Europe With the demand for digital assets increasing around the world, Fidelity Digital Assets℠ expanded to Europe and Fidelity Digital Assets, Ltd. was later registered with the U.K. Financial Conduct Authority for certain cryptoasset activities under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Fidelity Digital Assets, Ltd. 2021 Collateral agent offering launches To continue the development of a full-service digital assets platform, we launched a collateral agent capability to help clients access cash loans through third-party lenders using their bitcoin held with Fidelity Digital AssetsSM as collateral.