NEW YORK — Fidelity Digital Assets, the cryptocurrency company of Boston-based Fidelity Investments, has been granted a license by New York’s financial regulator, the company said on Tuesday. The limited-purpose trust company charter from the New York State Department of Financial Services will allow the company to offer its cryptocurrency trading and custody services to companies based in the state, it said. "We have experienced a high interest level from these firms and anticipate that their increased involvement in this industry would enable more activities and development across the spectrum," the company said in a blog post. Fidelity Digital Assets was launched in October 2018 with the aim of better serving traditional financial institutions looking to invest in cryptocurrencies such as bitcoin and ether.

Source: New York Times November 19, 2019 16:07 UTC