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Fidelity Digital Assets

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What is Fidelity Digital Assets

Fidelity Digital Assets is an institutional digital asset custody and trading service operated by Fidelity, focused on safeguarding cryptocurrencies and supporting execution for professional investors. It targets asset managers, hedge funds, family offices, and other institutions that need regulated, enterprise-grade custody and operational controls. The offering emphasizes institutional governance, security controls, and integration with traditional financial services workflows rather than consumer wallet features.

pros

Institution-focused custody operations

The service is designed for institutional clients with operational processes aligned to professional investment firms. It supports custody workflows that emphasize segregation of duties, controlled access, and formal onboarding. This positioning fits organizations that require vendor due diligence, documented controls, and service-level expectations typical in financial services.

Backed by Fidelity organization

Fidelity Digital Assets operates within Fidelity’s broader financial services environment, which can matter for institutions evaluating counterparty risk and governance. The association can simplify internal approvals for firms that already work with Fidelity entities. It also supports a more traditional service model compared with self-custody tooling.

Custody plus execution offering

In addition to custody, the platform offers trading/execution capabilities for supported digital assets, reducing the need to stitch together separate vendors for basic workflows. This can streamline operational handoffs between custody and trading functions. It is oriented toward institutional execution and post-trade processes rather than retail-style wallet transactions.

cons

Not built for retail

The product is primarily aimed at institutions, so it is not a fit for individual users seeking a consumer wallet experience. Features common in retail crypto apps (broad token support, DeFi access, in-app swaps across many venues) are typically not the focus. Organizations looking for end-user wallet distribution or consumer onboarding generally need different tooling.

Asset and geography constraints

Institutional custody providers often support a narrower set of assets and jurisdictions than consumer platforms, and Fidelity Digital Assets is no exception in practice. Availability can depend on regulatory considerations, entity type, and client eligibility requirements. This can limit use cases for firms needing wide token coverage or multi-jurisdiction deployment.

Less flexible than self-custody

As a managed custody service, it can provide less direct configurability than building an in-house custody stack or using developer-first wallet infrastructure. Some organizations may find integration options, signing policy customization, or workflow automation less adaptable than platforms optimized for programmatic control. Firms with complex on-chain operations may require additional systems around the custody service.

Plan & Pricing

No public pricing published on the official Fidelity Digital Assets website.

  • Pricing model: Not publicly disclosed / Contact sales
  • Notes: The site describes institutional Custody & Trading services and directs prospective clients to complete a "Get in Touch" form to discuss needs and onboarding. No tiered plans, pay-as-you-go rates, or published custody/trading fees were found on the official site. The site does explicitly state that Fidelity Digital Dollar (FIDD) can be bought and redeemed for $1 per unit (stablecoin pricing).

Seller details

Fidelity Digital Assets Services, LLC (a Fidelity Investments company)
Boston, MA, USA
2018
Subsidiary
https://www.fidelitydigitalassets.com/
https://x.com/fidelitydigital
https://www.linkedin.com/company/fidelity-digital-assets/

Tools by Fidelity Digital Assets Services, LLC (a Fidelity Investments company)

Fidelity Digital Assets

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