Fidelity's crypto arm has officially applied to operate in New York as a trust

Quick Take

  • Fidelity Digital Assets Services (FDAS), the crypto arm of Wall Street brokerage firm Fidelity, has filed its application to be a New York Trust, according to sources
  • Fidelity’s digital asset arm was launched in October and offers crpyto-custody to institutional clients
  • A New York trust license would allow it to serve New York traders in all realms of its business