Fidelity wins authorisation for NY state digital currency custody

The New York State Department of Financial Services (DFS) has granted a charter to Fidelity Digital Asset Services, LLC (FDAS) to operate as a limited liability trust company as part of the state’s virtual currency marketplace. DFS has authorised FDAS to provide a virtual currency custody and execution platform, on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin.