About Fidelity Digital
Fidelity Digital Assets (est. 2018) offers institutional custody, execution, and the Fidelity Wise Origin Bitcoin Fund (FBTC) and Fidelity Ethereum Fund (FETH). Introduced in-kind redemptions for FBTC in 2025.
Fidelity Digital Custody Overview
Custody Type
Hosted Custody
Cold Storage
100% cold storage
Insurance
Comprehensive insurance through Fidelity's insurance program
Pricing
Contact for pricing
Licenses
NYDFS-chartered limited purpose trust company
Wallet Type
Cold Storage (proprietary HSM)
Custody Features
✓ Yes Qualified Custodian
✓ Yes Insurance Coverage
✓ Yes Asset Segregation
✗ No Proof of Reserves
✗ No MultiSig Support
✓ Yes API Access
✓ Yes Mobile App
✗ No Hardware Wallet Support
✓ Yes Institutional Services
✗ No Staking Services
✗ No Bitcoin Only
Security & Storage
| Cold Storage | 100% cold storage |
| Insurance Coverage | Comprehensive insurance through Fidelity's insurance program |
| Qualified Custodian | ✓ Yes |
| Asset Segregation | ✓ Yes |
| Proof of Reserves | ✗ No |
| MultiSig Support | ✗ No |
Compliance & Regulation
| Licenses | NYDFS-chartered limited purpose trust company |
| KYC Required | ✓ Yes |
| Audit Frequency | Annual SOC 2 and regulatory audits |
| Regulatory Compliance | SOC 2 Type II, regulated by NYDFS |
Services & Features
| Custody Model | Hosted Custody |
| Jurisdiction | United States |
| Supported Assets | BTC, ETH |
| Minimum Balance | $50,000 |
| Withdrawal Limits | Custom institutional limits |
| Fees & Pricing | 0.05-0.40% annual custody fee based on AUM. $50K minimum. Includes cold storage and insurance. |
| Founded | 2018 |
| Supported Wallets | Proprietary institutional cold storage |
| Customer Service | Dedicated institutional client services, business hours support |
Technical Features
✓ Yes API Access
✓ Yes Mobile App
✗ No Hardware Wallet
✓ Yes Institutional
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