Fidelity Digital Assets will begin offering institutional customers the ability to buy, sell and transfer ether starting Oct. 28.
A spokesperson confirmed these details to The Block after a tweet circulating on Wednesday showed a screenshot of an email to customers.
The company will offer two-step verification to institutions who want the added layer of security that comes with it while they’re using Fidelity’s platform for trading cryptocurrency assets, the email says.
The firm is also planning to offer customers a way to store ether offline in their Fidelity Digital Asset’s vaults. New York-based Fidelity Digital Assets is a subsidiary of Fidelity Investments, an asset manager and financial services provider with nearly $6 trillion of assets under management.
The firm initially announced plans for a digital currency exchange in May 2017 .
Fidelity Digital Assets is currently only open to institutional investors and select eligible clients, including qualified pension plans and 401(k)s.
Fidelity has also been working on building a private version of the blockchain with IBM .
By October, Fidelity will also be providing its customers with the ability to receive real-time market data from bitcoin exchanges Gemini Trust Company and itBit .
They will then be able to see those values alongside their other holdings.
Fidelity is also making it easier for its customers to view their crypto holdings by offering them the option to see their balances in their Fidelity Portfolio Summary View.
The firm will also be offering them help if they want to buy or sell assets on other exchanges.
