Fidelity Digital Assets (FDAS) launched with their first deal in Europe to serve as the custodian to store London-based crypto investment firm Nickel Digital Asset Management’s crypto funds; the move to Europe is a risky one for Fidelity as crypto markets continue to go through turmoil and regulatory uncertainty persists; uptake amongst investors is still slow but if more firms like Fidelity expand their presence in the market there will be increased confidence the market is safe; the announcement by Facebook has also be beneficial as it has pushed regulators to begin thinking in a different way about innovation. Business Insider
