How does fidelity RIA handle the custody of digital assets in their cryptocurrency investment offerings?

3 answers

• Mohammad Abdul HannanSep 22, 2024 · a year ago
  Fidelity RIA takes the custody of digital assets in their cryptocurrency investment offerings very seriously. They employ a combination of hot and cold storage solutions to ensure the security of the assets. Hot wallets are used for immediate access and liquidity, while the majority of the assets are stored in offline cold storage wallets. These cold storage wallets are kept in secure facilities with multiple layers of physical and digital security measures in place. Fidelity RIA also implements strict access controls and multi-factor authentication to prevent unauthorized access to the assets. Overall, they prioritize the safety and protection of the digital assets entrusted to them.
  693

  347
• Bruno RezendeJul 07, 2023 · 2 years ago
  When it comes to custody of digital assets in their cryptocurrency investment offerings, fidelity RIA follows industry best practices. They partner with reputable custodians who specialize in secure storage of digital assets. These custodians employ advanced security measures such as multi-signature wallets, offline storage, and regular audits. Fidelity RIA also conducts thorough due diligence on their custodial partners to ensure their reliability and trustworthiness. By working with trusted custodians, fidelity RIA aims to provide their clients with a secure and reliable investment experience in the cryptocurrency market.
  631

  211
• swarajDec 19, 2021 · 4 years ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of secure custody for digital assets. When it comes to fidelity RIA's cryptocurrency investment offerings, they have implemented robust security measures to protect the custody of digital assets. BYDFi employs a combination of offline cold storage and hot wallets to ensure the security and accessibility of the assets. The cold storage wallets are stored in secure facilities with strict access controls and regular audits. Hot wallets are used for immediate trading and liquidity purposes. BYDFi also collaborates with trusted custodians to enhance the security of the assets. Overall, fidelity RIA prioritizes the safety and protection of digital assets in their cryptocurrency investment offerings.
  773

  194