JUNE WILL BE BITCOIN MONTH

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The investment fund giant Fidelity Investments aims to launch the Bitcoin storage service in June, according to three people who know the subject.

The Baston-based company announced that it will present a series of crypto money products designed for major investors in October, such as free investment funds. In the past few weeks, according to the employees of the three companies in contact with Fidelity, Bitcoin custody services will be provided first. Following Bitcoin, they said that Ether was going to be next.

The company said in a statement yesterday, birkaç While we continue to create our first solutions, we currently serve several select customers. During the next few months, we will prioritize potential customers based on their needs, jurisdictions and other factors. Ön

A widely used third-party solution to reduce the risk of loss or theft of assets, commonly used in traditional markets such as the stock market. Many Wall Street experts are eager to work with a large financial services company, while several startups are currently trying to offer custody services. This is a role Fidelity can fill. Others such as Bank of New York Mellon, JPMorgan Chase and Northern Trust are also working to enter this area. Meanwhile, digital coins are constantly being stolen and the need for better prevention is growing.

Fidelity CEO Abigail Johnson, unlike many of his opponents, is a defender of digital assets. Under his leadership, the company began to study Bitcoin in 2015.

Fidelity, one of the largest pension savings and investment funds providers, hopes to win corporate customers who are willing to trade digital money using their famous name. The company is currently working with more than 13,000 financial institutions. A year ago, Fidelity hired Tom Jessop as head of corporate business development from the crypto-money world. Jessop was previously president of Chain Inc., a company offering Blockchain technology to financial companies.

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