Fidelity Digital Assets

Fidelity Digital Assets is an institutional crypto custody and trading platform from Fidelity Investments, founded in 2018. Its US entity, a National Association, is a national trust bank chartered by the OCC (charter 25398) and based in Boston.

Services The listed services are institutional crypto custody, trade execution, collateral accounts and stablecoin issuance, including its own stablecoin, FIDD. The company serves institutional investors, investment professionals and eligible high-net-worth corporate entities.

Scope The offer is institutional custody, execution and collateral, not operating banking for crypto businesses, and standard settlement accounts for VASPs are not confirmed. The former US trust entity was called Fidelity Digital Asset Services, LLC.

Regulation In the US, the OCC supervises the national association. In the UK, the local company is registered with the FCA for anti-money-laundering purposes. Digital assets are not FDIC insured or covered by any government scheme, and UK crypto activities are not protected by the FOS or the FSCS.