This site uses cookies to improve your experience on our site. By continuing to use the Fidelity Digital Assets website, you consent to the use of cookies in accordance with our Cookie Policy.

×

Fidelity Digital Assets

Fidelity Digital Assets Adds Collateral Agent Capabilities,
Will Custody Bitcoin Pledged on Loans Financed by BlockFi

  • By Fidelity Digital Assets
  • – 12/09/2020
  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print

Fidelity Digital AssetsSM today announced a new offering that enables clients on Fidelity’s institutional-grade digital assets custody platform to pledge bitcoin as collateral in a transaction. The new capability marks Fidelity’s entrance into the digital asset financing space, strengthening and broadening Fidelity Digital Assets’ existing custody offering, which remains integrated with a trade execution venue for customer liquidity needs. In conjunction with the launch of the collateral agent capability, BlockFi, a leading cryptocurrency lending platform and a CME Bitcoin Futures Block Liquidity Provider, will begin to offer its institutional customers the option to custody bitcoin pledged as collateral in their cash loans on Fidelity’s platform. Fidelity Digital Assets continues to build out its offering to include more of the services that institutions have come to expect from traditional asset classes, sparking new growth opportunities that prompted a recently announced hiring initiative.


Please read the full press release.

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print
This content was created by Fidelity Digital Asset Services, LLC, a New York State-chartered, limited liability trust company (NMLS ID 1773897). All rights reserved.
Fidelity Digital Asset Services, LLC does not provide tax, legal, investment, or accounting advice. This material is not intended to provide, and should not be relied on for, tax, legal, investment or accounting advice. Tax laws and regulations are complex and subject to change. You should consult your own tax, legal, investment and accounting advisors before engaging in any transaction. Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high risk tolerance. Investors in digital assets could lose the entire value of their investment.
Services are provided by Fidelity Digital Asset Services, LLC (NMLS ID 1773897).
Third-party marks are the property of their respective owners.
© 2020 FMR LLC. All rights reserved. Fidelity Digital Assets and the Fidelity Digital Assets logo are service marks of FMR LLC.

958532.1.0

close
Please enter a valid e-mail address
Please enter a valid e-mail address
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "

Your e-mail has been sent.
close

Your e-mail has been sent.
Fidelity Digital Assets
LinkedIn Twitter Medium

 

Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high risk tolerance. Investors in digital assets could lose the entire value of their investment.

By using or logging into this website, you consent to the use of cookies as described in the Fidelity Digital Assets Privacy Policy. Services provided by Fidelity Digital Asset Services, LLC, a New York State-chartered, limited liability trust company (NMLS ID 1773897).

Fidelity Digital Assets and the Fidelity Digital Assets logo are service marks of FMR LLC. ©2020 FMR LLC. All rights reserved.

859152.2.0