American investment firm Fidelity has announced that its cryptocurrency trading and custody platform is in the “final testing and process refinement periods” for their new platform, which is being launched by their new company, Fidelity Digital Assets.
According to the announcement, the platform will serve the institutional investors and currently, the investment giant is working with “a select set of eligible clients” to bring up the final solution.
“We are currently serving a select set of eligible clients as we continue to build our initial solutions. We’ve established a robust set of technical and operational standards at a level that institutions have come to expect from Fidelity,” FDAS noted in its official blog post.
Without giving a timeframe for a formal launch, the post noted that:
“Our initial clients are an important part of our final testing and process refinement periods, which will eventually enable us to provide these services to a broader set of eligible institutions.”