Fidelity Investments - one of the world's largest asset managers - continues to expand its global reach in the crypto industry through its specialized crypto subsidiary.
According to the Bloomberg report of 29 October, Fidelity Digital Asset Services, the crypto asset management division of Fidelity Investments, has partnered with the Singapore-based start-up Stack Funds to expand its custody services in Asia.
Within the partnership, Stack Funds will provide access to Fidelity's custody services to its clients in order to meet the growing demand from reputable investors and family offices in the region. The management of Stack Funds has stated that the assets held will be subject to monthly audits and investor protection, such as insurance coverage.
Since its launch in late 2018, Fidelity Digital Assets has been expanding its services worldwide. In December 2019. Fidelity Digital Assets established an official service provider for European institutional investors in the UK.
