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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