Registration with NYDFS will officially allow Fidelity Digital Assets to provide custodial services to New Yorkers
Such an event expected in the Bitcoin community is approaching its launch – the cryptocurrency platform of the global investment giant Fidelity, which, according to our forecasts, will become a powerful catalyst for the growth of the cryptocurrency market against the background of the arrival of institutional investors, has applied for a trust license from the New York State Financial Services Authority (NYDFS). This is what The Block writes about.
Registration with NYDFS will officially give Fidelity Digital Assets the opportunity to provide custodial services to New York citizens. To date, only Coinbase, Gemini and Paxos have such a license among the representatives of the cryptocurrency industry, and Bakkt from the Intercontinental Exchange (ICE) has only managed to submit a corresponding application.