Fidelity Digital Assets
Fidelity Digital Assets is the OCC-chartered, institutional-grade digital asset custody, trading, and stablecoin (FIDD) platform of FMR LLC (Fidelity Investments), serving asset managers, hedge funds, RIAs, family offices, banks, treasurers, and pensions globally.
- Company typePrivate
- Founded2018
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Fidelity Digital Assets does
Fidelity Digital Assets is a Boston-headquartered, OCC-chartered national trust bank subsidiary of FMR LLC (Fidelity Investments) that provides institutional-grade custody, trade execution, and related services for digital assets. Founded in 2018 and operating client services since 2019, the firm supports custody and execution for Bitcoin, Ethereum (since 2022), and Solana (since 2025), with 23/7 trading, real-time settlement, smart order routing across multi-venue liquidity, offline cold-vaulted storage with multi-site key distribution, and multi-tiered approval structures. The platform is built and operated in-house without third-party custody dependencies, holds SOC 1 Type 2 and SOC 2 Type 2 audits, and serves institutional segments including RIAs and wealth managers, family offices, asset managers, hedge funds, banks and broker-dealers, corporate treasurers, pensions and endowments, and miners, alongside U.S. retail investors via Fidelity Crypto on the Fidelity Investments app.
The business earns revenue through recurring custody fees on stored assets, transaction-based fees on trade execution, yield on reserves backing the FIDD stablecoin, and fee arrangements tied to internally-custodied spot Bitcoin (FBTC) and Ether (FETH) exchange-traded products. In January 2026, the firm expanded into tokenized dollars with the launch of the Fidelity Digital Dollar (FIDD), an ERC-20 stablecoin on Ethereum issued by Fidelity Digital Assets, N.A., backed by cash, U.S. Treasuries, and short-term government money market funds custodied at Bank of New York Mellon, with monthly PwC attestations and an OpenZeppelin-audited open-source smart contract. The firm also operates a Collateral Account Suite allowing clients to use held bitcoin as collateral for third-party cash loans, and runs an integrated European business through FCA-registered Fidelity Digital Assets, Ltd. in London and an Irish entity in Dublin.
Fidelity Digital Assets firmographics
Firmographics- Name
- Fidelity Digital Assets
- Legal name
- Fidelity Digital Assets, National Association
- Website
- https://fidelitydigitalassets.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fidelity Digital Assets is the OCC-chartered, institutional-grade digital asset custody, trading, and stablecoin (FIDD) platform of FMR LLC (Fidelity Investments), serving asset managers, hedge funds, RIAs, family offices, banks, treasurers, and pensions globally.
- Ownership category
- akta.pro rank
Fidelity Digital Assets industry classification
Industry- Product category
- Institutional Digital Asset Custody
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Funds, Trusts, and Other Financial Vehicles (525), Securities and Commodity Exchanges (5232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Digital Asset Custody (Institutional Crypto Custody) (FSAFAHAH)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Institutional Spot Exchanges & Broker-Dealers (FSADAAAC), Prime Brokerage & Institutional Trading Services (FSAPADAF)
Keywords
Where Fidelity Digital Assets is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Fidelity Digital Assets business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Digital Asset Custody Fees: Fidelity Digital Assets earns fees for providing secure custody of digital assets (Bitcoin, Ethereum, Solana, and others) for institutional clients through its regulated national trust bank subsidiary.
- Trade Execution Services: The platform provides trade execution services with multi-venue liquidity and smart order routing, enabling institutional clients to execute trades from a single platform without moving assets from cold storage.
- FIDD Stablecoin Issuance and Redemption: FIDD is purchasable and redeemable at $1/unit with no fees charged by FDA for purchasing or redeeming. Revenue is derived from the yield on reserve assets backing FIDD (U.S. Treasuries, money market funds, reverse repurchase agreements, and deposit accounts at U.S. depository institutions), which accrue to FDA.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | FIDD stablecoin — fee-free purchase and redemption |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Fidelity Digital Assets product offering
Product offeringCore offering
Fidelity Digital Assets provides an enterprise-grade platform for securing, trading, and servicing institutional investments in digital assets, including Bitcoin, Ethereum, and Solana. It offers offline cold-vaulted custody, multi-venue trade execution with smart order routing, 24/7 service, and a USD-pegged stablecoin (FIDD) issued on Ethereum. The platform serves institutional clients such as RIAs, family offices, asset managers, hedge funds, banks, corporate treasurers, pensions, endowments, and miners, with a separate retail channel via Fidelity Crypto.
Product overview
Fidelity Digital Assets offers a unified platform providing institutional-grade custody, trading, and settlement services for digital assets. The core offering consists of the Fidelity Digital Assets Custody and Trading Platform, which provides secure cold storage vaulting and 24/7 execution with smart order routing. The company expanded its portfolio with FIDD (Fidelity Digital Dollar), a U.S. dollar-pegged stablecoin launched in January 2026, complementing its custody and trading services with an integrated payments solution. Retail access is delivered through Fidelity Crypto, while institutional clients receive white-glove service through the proprietary platform. The Collateral Account Suite enables clients to use held digital assets as collateral for cash loans. Supporting products include spot Bitcoin (FBTC) and Ethereum (FETH) exchange-traded funds. Reserve management for FIDD is conducted by Fidelity Management & Research Company LLC, with assets held at Bank of New York Mellon.
Differentiator
Problem solved
Functional benefit
Brands
- Fidelity Digital Dollar (FIDD): A stablecoin pegged 1:1 to the U.S. dollar, issued by Fidelity Digital Assets, National Association, backed by cash, U.S. Treasuries, and short-term government money market funds.
- Fidelity Crypto®
- Fidelity Digital Assets Custody and Trading Platform
Products and services
- Fidelity Digital Assets Custody and Trading Platform Institutional-grade digital asset custody and trading platform offering offline cold-vaulted storage, multi-tiered approval structures, multi-site key storage, and 24/7 trading with smart order routing across a global liquidity network for institutional clients.
- Fidelity Digital Dollar (FIDD) A 1:1 USD-pegged stablecoin issued by Fidelity Digital Assets, National Association on the Ethereum blockchain (ERC-20), backed by cash, U.S. Treasuries, and short-term government money market funds held at Bank of New York Mellon, with monthly PwC attestations. Purchasable and redeemable at $1/unit with no fees charged by FDA.
- Fidelity Crypto Retail platform enabling U.S. individual investors to buy, sell, and trade digital assets through Fidelity Crypto accounts, integrated with the Fidelity Investments App and Fidelity.com.
- Fidelity Crypto for Wealth Managers Allows U.S. Fidelity Institutional RIA clients and family offices to access consolidated reporting and manage clients' digital assets alongside other investment products on the Wealthscape platform.
- Collateral Account Suite Collateral agent capability enabling institutional clients to access cash loans through third-party lenders using their bitcoin held with Fidelity Digital Assets as collateral.
- Fidelity Wise Origin Bitcoin Fund (FBTC) A spot Bitcoin exchange-traded product providing passive exposure to the daily USD spot price of Bitcoin, launched January 10, 2024, with custody managed internally by Fidelity Digital Assets.
- Fidelity Ethereum Fund (FETH) A spot Ether exchange-traded product providing exposure to the daily USD spot price of Ethereum, launched July 23, 2024.
Quantifiable outcome
- U.S. spot Bitcoin ETFs attracted over $35.5 billion in net flows within their first year of launch
- +2 more outcomes
Companies that use Fidelity Digital Assets
Customer profileSegments8 records
Ideal customer profiles5 records
Fidelity Digital Assets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
Fidelity Digital Assets partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- EDX MarketscoreEDX Markets, a cryptocurrency exchange backed by Citadel Securities and Charles Schwab, applied for a national trust bank charter from the OCC in partnership with Fidelity Digital Assets. The charter application aims to formalize EDX's digital asset banking operations, providing custody, portfolio management, and principal trading services for institutional clients. Fidelity Digital Assets is a named supporter of the application and co-investor in EDX Markets.
- Bank of New York MelloncoreBank of New York Mellon (BNY Mellon) serves as the custodian for FIDD reserve assets, holding cash, U.S. Treasuries, and short-term government money market funds backing the stablecoin. This partnership ensures institutional-grade reserve custody and segregation.
- PricewaterhouseCoopers LLP (PwC)corePwC provides monthly attestations of FIDD's reserve assets in accordance with AICPA attestation standards, examining the circulating supply and reserve net asset value of the Fidelity Digital Dollar stablecoin.
- Fidelity Management & Research Company LLC (FMRCO)coreFMRCO, an affiliate of Fidelity Digital Assets, conducts reserve asset management for FIDD, investing reserve funds in U.S. Treasury obligations, reverse repurchase agreements, government money market funds (FRGXX, FRBXX), and deposit accounts at U.S. depository institutions.
- OpenZeppelinmajorOpenZeppelin conducted an independent security audit of the FIDD smart contract (ERC-20 token on Ethereum). The audit report is publicly available on GitHub, and the FIDD smart contract code is open source under the Fidelity GitHub repository.
- Ethereum BlockchainmajorFIDD operates as an ERC-20 token on the Ethereum blockchain mainnet. The smart contract address is 0x7C135549504245B5eAe64fc0E99Fa5ebabb8e35D. Ethereum provides the underlying decentralized infrastructure for FIDD transfers and custody.
Scale indicators6 records
Recent moves10 records
Expansion highlights4 records
Fidelity Digital Assets competitors and assessment
Company assessmentDirect peers
- BitGo: A leading institutional digital asset custodian offering qualified custody, cold storage, and trading services to hedge funds, asset managers, and corporates. Directly competes with FDA on institutional custody, with broader token coverage and an established prime brokerage product.
- Gemini Custody: A New York-chartered limited purpose trust company offering institutional digital asset custody and trading with insurance coverage. Directly competes with FDA in serving institutional clients seeking regulated custody, with similar trust-charter regulatory positioning.
- Anchorage Digital: A federally chartered digital asset bank (OCC trust charter, 2021) offering institutional custody, trading, and staking. A directly comparable institutional-grade crypto custodian competing for the same family offices, hedge funds, and asset manager clients as FDA, with similar OCC charter positioning.
- Galaxy Digital: A diversified institutional digital asset financial services firm offering custody, trading, lending, and asset management to institutional clients. Directly competes with FDA across custody and trading, with a stronger crypto-native orientation.
- Coinbase Institutional (Coinbase Custody Trust): Operates one of the largest institutional digital asset custody and trading platforms with cold storage and spot execution services. Directly competes with FDA in serving hedge funds, asset managers, and corporates needing regulated custody, with broader asset coverage and deeper DeFi protocol support.
Emerging players
- Bakkt Holdings: A regulated digital asset platform offering custody, trading, and payments infrastructure to institutional and consumer clients. Partially overlaps with FDA's institutional custody and trading offerings, with particular exposure to the payments and stablecoin-adjacent use cases.
- Fireblocks: An institutional digital asset custody and settlement platform using MPC technology, serving hedge funds, exchanges, and fintechs. Competes with FDA on custody infrastructure with broader DeFi protocol coverage and a stronger technology-platform orientation.
- Paxos: A regulated blockchain infrastructure platform issuing stablecoins (PYUSD for PayPal, USDP) and offering institutional custody and tokenization services. Competes with FDA on the stablecoin product line and institutional custody.
- Circle (USDC): The issuer of USDC, the leading institutional stablecoin, and offers custody-adjacent treasury services. A direct competitor to FIDD in the institutional stablecoin market with established network effects and exchange listings.
Broad incumbents
- BNY Mellon (Digital Assets): The world's largest custodian has launched digital asset custody services and serves as FIDD's reserve custodian. A broad incumbent competing in the same institutional custody market as FDA with comparable traditional finance credibility.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Fidelity Digital Assets social profiles
Digital presenceFidelity Digital Assets compliance and trust
Trust signalCompliance5 records
Fidelity Digital Assets financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fidelity Digital Assets leadership team
Management profileNumber of profiles
Profiles8 records
Fidelity Digital Assets subsidiaries and ownership
Company hierarchySubsidiaries1 record
Fidelity Digital Assets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fidelity Digital Assets M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fidelity Digital Assets
What does Fidelity Digital Assets do?
Fidelity Digital Assets provides an enterprise-grade platform for securing, trading, and servicing institutional investments in digital assets, including Bitcoin, Ethereum, and Solana. It offers offline cold-vaulted custody, multi-venue trade execution with smart order routing, 24/7 service, and a USD-pegged stablecoin (FIDD) issued on Ethereum. The platform serves institutional clients such as RIAs, family offices, asset managers, hedge funds, banks, corporate treasurers, pensions, endowments, and miners, with a separate retail channel via Fidelity Crypto.
Is Fidelity Digital Assets a public or private company?
Fidelity Digital Assets is a private company. It is classified as corporate owned and is currently operating.
When was Fidelity Digital Assets founded?
Fidelity Digital Assets was founded in 2018. It employs 11 to 50 people.
Where is Fidelity Digital Assets based?
Fidelity Digital Assets is headquartered in Boston, United States, in the North America region.
How does Fidelity Digital Assets make money?
Three revenue lines are on record. Digital Asset Custody Fees are the primary driver. The others are trade Execution Services and FIDD Stablecoin Issuance and Redemption.
Who are Fidelity Digital Assets's main competitors?
Direct peers on record are BitGo, Gemini Custody, Anchorage Digital, Galaxy Digital and Coinbase Institutional (Coinbase Custody Trust). Emerging players are Bakkt Holdings, Fireblocks, Paxos and Circle (USDC). BNY Mellon (Digital Assets) is listed as a broad incumbent.
Does Fidelity Digital Assets have an API?
No public API is recorded for Fidelity Digital Assets.
What industry is Fidelity Digital Assets in?
Fidelity Digital Assets's product category is Institutional Digital Asset Custody. Its primary akta.pro industry code is FSAFAHAH, Digital Asset Custody (Institutional Crypto Custody), with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 5231 and its SIC code is 6200.