Today Fidelity, the financial services firm that administers $8 trillion in assets, announced the formation of a U.K. subsidiary to provide digital asset services. It follows the launch of the U.S.-based Fidelity Digital Asset Services over a year ago. The European-focused subsidiary is being set up in the U.K. despite the impending Brexit.
In fact, the company was only incorporated yesterday and currently is still a shell with temporary officers listed in the corporate registry.
As with the U.S. subsidiary, the focus is on providing digital asset services to institutional investors such as hedge funds, family offices and market intermediaries.
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