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Fidelity To Make Stack Funds More Secure For Wealthy Investors
Summary: Fidelity Digital Asset Services (FDAS) will be partnering with Singapore's crypto products provider Stack Funds to attract wealthy Asian investors interested in crypto, according to Bloomberg. Stack will use its new access to FDAS to provide secure custody services, insurance coverage, weekly contributions and redemptions, and monthly audits to its users in order to provide ...
Fidelity Digital Asset Services (FDAS) will be partnering with Singapore's crypto products provider Stack Funds to attract wealthy Asian investors interested in crypto, according to Bloomberg. Stack will use its new access to FDAS to provide secure custody services, insurance coverage, weekly contributions and redemptions, and monthly audits to its users in order to provide a safe and effective platform for crypto investors with high net worths and thus high risk levels. The Fidelity name is likely to attract these investors to Stack.
The partnership comes after Fidelity's increasing involvement in digital assets in recent years, beginning with its launching FDAS in 2018 and concluding with its establishment of a bitcoin fund for high-net-worth investors in August of 2020.
By Isaac Goluboff
Tags: Bitcoin,Crypto,Fidelity,Fidelity Digital Assets,Investors
Link: Fidelity To Make Stack Funds More Secure For Wealthy Investors [Copy]
