Fidelity Digital Assets – the crypto-related investment arm of the US trading heavyweight Fidelity – has set up its business in the UK, with a branch freshly registered with the local authorities. 

Specifically, the initiative is a part of a plan from Fidelity Digital Assets to connect its EU-based clients, hedge funds nominally, with the firm’ digital assets-focused services. Fidelity has finalized its expansion without any regulatory troubles from the UK government, since they did not ask for any further licenses to operate. 

“We recognize that the regulatory requirements for service providers in the digital assets space is evolving, and we intend to comply with all applicable requirements in the U.K. and elsewhere as we continue to globally expand our services to the institutional investment community.”

The platform that offers Fidelity digital asset services to US customers has been previously introduced last year, with features like crypto asset custody and trade execution to institutional investors, nominally hedge funds third party intermediaries. 

The New York State Department of Financial Services (NYDFS) has also granted authorization for Fidelity to run business in the city in November this year. 

At the moment, the UK Fidelity Digital Assets will only be providing facilitation support for Bitcoin (BTC).