2019 might be the year of mainstream crypto adoption, judging by all the moves that are taking place in the crypto space at the moment.
For instance, NASDAQ just invested a massive amount of money to finance a startup that develops Enterprise blockchain solutions.
An official press release reveals that Symbiont has successfully closed a $20 million Series funding round.
Fidelity might launch in March
Now, Bloomberg brought big news as it announced that Fidelity Investments is eyeing a March launch date for its Bitcoin custody service.
The mutual fund giant is moving further with a big plan, and that’s to ease the fears of trading crypto and support mass adoption.
“We are currently serving a select set of eligible clients as we continue to build our initial solutions,” the company said in a statement via CCN.
Back in October 2018, Fidelity, with its $7.2 trillion worth of assets under its management for 27 million clients revealed that it plans to enter the crypto market due to the increasing demand for crypto.
Fidelity hopes that it will be able to bring the solutions and tech features of a trillion dollar global asset management company to solve the unique issues that institutional investors are faced with when they want to diversify their portfolios.
Supporting mass adoption
We saw that there were certain things institutions needed that only a firm like Fidelity could provide,” Fidelity’s Top Jessop told CNBC.
He continued and explained that “We’ve got some technology that we’ve repurposed from other parts of Fidelity — we can leverage all of the resources of a big organization.”
Fidelity Digital Assets describes the new company as a “full-service, enterprise-grade platform for securing, trading, and servicing investments in digital assets.”
The company plans to offer cold storage custody solutions for the most important coins starting with Bitcoin.
If the rumors are true and Fidelity launches in March this would mean a lot for mainstream adoption.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018