Fidelity's first custodian client is billionaire Mike Novogratz' crypto fund

posted about 2 months ago
Galaxy Digital, a crypto merchant bank operated by billionaire investor Mike Novogratz, has become the first alpha crypto custody client of Fidelity Digital Assets. Less than 24 hours since its launch, Fidelity Digital Assets secured Galaxy Digital as its first custody client, a company that aims to achieve a similar objective as Fidelity to institutionalize the cryptocurrency market. Apart from its core business of investing in cryptocurrencies and blockchain projects, Galaxy Digital offers high profile investors and institutional clients consultancy to facilitate large investments into the market.

Fidelity Digital Assets founding head Tom Jessop said “This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors, are starting to think seriously about this space.”
Tags: blockchain, bitcoin, news