Fidelity Digital Assets launches third party clearing & settlement

Fidelity Digital Assets is launching third-party clearing and settlement capabilities with TP ICAP, one of the world’s largest inter-dealer brokers. The collaboration with TP ICAP aims to deliver a new trading model that will enable clients to buy bitcoin with USD stored on the Fidelity platform via TP ICAP’s new digital asset platform, and to execute sell orders through TP ICAP while their digital assets remain in Fidelity Digital Assets’ cold storage. These third-party clearing and settlement services should enable clients to directly access institutional-grade, regulated trading platforms without compromising the security of their assets.