Fidelity declares that its cryptographic trading and storage platform is in the final test phase



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Financial services provider Fidelity, which manages about $ 7.2 billion of client badets, said Thursday that its crypto-trading and early-retention platform was in the "final test" phase.

Thursday night, in an article on her blog, the company announced that she had already integrated "a select group of eligible customers" while she was working on the creation of Fidelity Digital Asset Services (FDAS). Fidelity first announced plans to launch a digital badet service last October.

Currently, the company is working with auditors to refine existing policies and procedures and to "define new benchmarks for this aspect of blockchain cryptographic finance".

Without giving a precise timetable for an official launch, the message indicates that:

"Our initial customers are an important part of our last phases of testing and refining processes, which will ultimately enable us to deliver these services to a broader set of eligible institutions."

Although the update does not explicitly confirm a Bloomberg report that FDAS planned to launch publicly in March, this is consistent with the company's earlier statements that the platform would be operational in the first quarter of this year.

The storage component already retains badets on behalf of its initial customers.

FDAS has appealed to potential customers in its message, stating that "over the next few months, we will engage and responsively present potential customers according to their needs, jurisdiction and others. factors. "

The company's trading and preservation solutions are at about the same stage of development and should be launched at about the same time. At the launch, FDAS will support Bitcoin and Ethereum with an "Institutional Quality Guard", alongside other services.

Loyalty image via Ken Wolter / Shutterstock

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