80 New Members Joined Enterprise Ethereum Alliance

AMD, EY, Kaspersky, Pfizer, The Royal Bank of Canada and Government of Gibraltar are among them
02 February 2018   6022

The largest group, which includes corporations, universities, banks, start-ups, and even some governments, united by a common desire to develop a blockchain technology, was replenished by 80 new members. This is reported by Trustnodes.

As before, the next expansion of the Enterprise Ethereum Alliance (EEA) included several loud names. One of the new members of the group is AMD, the manufacturer of GPUs, which had already proved itself as a supplier of equipment for the mining of cryptocurrencies, and now, apparently, decided to approach this industry from the other side.

New EEA Members
New EEA Members

Among other things, the EEA includes Kaspersky Lab, which has previously published research on crypto-currencies, the British auditor Ernst and Young, that recently found that more than 10% of the funds raised through the ICO have been lost or stolen, Royal Bank of Canada, which takes part in the development of a blockchaim identification system, the government of Gibraltar, intending to engage in licensing of blockchain-start-ups, the US pharmaceutical company Pfizer and South Korea's largest mobile operator SK Telecom

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   189

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.