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One of the largest investment funds in the world Fidelity International starts a business kryptowalutowy on the Old Continent. The fund responsible for client assets worth USD 419,3 billion (GBP 340,8 billion, EUR 384,5 billion) belonging to more than 2,4 million entities from the Asia-Pacific region, Europe, the Middle East and South America was registered on December 16, 2019 branch Fidelity Digital Assets Europe in the UK.

Fidelity Digital Assets

Fidelity has been offering cryptocurrency services to a financial institution in the United States since 2018. In November this year, New York regulators gave the green light to sell to Wall Street investors.

British branch Fidelity Digital Assets Europe will enable the sale of digital assets to European companies and hedge funds. At the moment it will only be an offer for Bitcoin but it is planned to expand the offer in 2020.

Michael O'Reilly Ceo Fidelity Digital Assets said that the whole market is waiting for appropriate regulations. Lack of regulatory clarity and market infrastructure have so far kept most of the major financial institutions away from cryptocurrency marketsbut it is gradually changing.

Interestingly, he became the head of Fidelity Digital Assets Europe Chris Tyrer former managing director at the investment bank Barclays. Tyrer has been quietly looking for potential customers from London since joining Fidelity in April 2019. At Barclays, he was conducting a project that looked at the bank's possibilities arising from the spread of cryptocurrencies.

November 22, just a few days after Fidelity Digital Assets got a green light from regulators in New York, Japanese investment bank Nomura he obtained a license from the Jersey Financial Services Commission for his own asset from the name Komainu.

The authorities of Fidelity Digital Assets announce that they are closely watching the market development and are planning to expand their offer to include clients from Asia.

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