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Fidelity’s Crypto Wing Seeks NY State Trust License



Fidelity Digital Asset Services (FDAS) recently applied for a trust license in the state of New York. Does this mean mass crypto adoption is on the way?

Everyone Wants a Slice of Crypto Pie

Rumor has it Fidelity Digital Assets (FDAS) officially filed an application to operate as a trust in the U.S. state of New York. According to The Block, Fidelity’s cryptocurrency investment arm filed an application with the New York Department of Financial Service (NYFDS) and if approved the institutional brokerage will be allowed to offer crypto-custodial services in the state. 

The approval ...

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