Fidelity Digital Assets Secures UK Regulator’s Approval

Fidelity Digital Assets, the cryptocurrency arm of investment giant Fidelity Investments, has received in the United Kingdom an licence FCA to carry out operations with digital assets.

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The regulator also registered the firm as a subject compliant with the Money Laundering Regulations (MLR).

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Against this backdrop, Fidelity Digital Assets announced a collaboration with collateralized lending service provider Nexo.

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According to the statement, the partners will develop “a comprehensive set of products and the corresponding infrastructure for institutional investors seeking access to digital assets.”

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Fidelity Digital Assets will act as custodian and collateral agent.

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Nexo expects the partnership to help the firm “build an institutional-grade platform for storing digital assets and strengthen its security infrastructure.”

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Earlier in November, Kraken’s bitcoin-exchange affiliate received the FCA license.

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Binance CEO Changpeng Zhao also stated plans to obtain regulatory approval from the UK regulator.

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