Fidelity International is a financial services provider that currently manages nearly $7.2 trillion in customer assets. On Thursday, the company said its cryptocurrency trading and hosting platform for development has entered the final testing phase.
The company said in a blog post on Thursday that it has already connected to some of its premium customers and is also developing Fidelity Digital Asset Services (FDAS). Fidelity International first proposed to launch digital asset services in October last year.
The company is currently working with the audit department to improve existing policies and procedures and establish new benchmarks in the area of encryption and blockchain finance.
The blog post did not give a clear release time, just said:
“Our first users are an important factor in our final testing and optimization improvement phase, and they can help us promote these services to more high-quality institutional customer bases.”
A Bloomberg report mentioned that the FDAS program was launched in March this year. The company did not give a clear answer to the blog post, but this time and the company’s earlier statement said it will be launched in the first quarter of this year. The platform’s message matches. The storage segment of the platform is currently hosting assets for the first customers.
The FDAS also mentioned in the blog post that in the coming months, the various needs, jurisdictional policies and other factors of potential customers will be carefully adjusted.
The company’s transaction and hosting solution development progress is basically the same, and is expected to be launched at the same time. At that time, the FDA will provide a range of services including institutional-grade Bitcoin and Ethereum.