Japanese Messaging App to Launch Crypto Exchange

In more than two weeks since the leak of the information about Line Corporation launching its cryptocurrency exchange, the company made a public announcement confirming the rumors
31 January 2018   596

On January 10 we have reported that according to the anonymous source of Bloomberg, the Line Corp. was working on the integration of cryptocurrency into its own messenger.

On January 31, Line Corporation officially announced that it had established a new company, Line Financial Corporation as a follow-up to Line Pay, which is a mobile money transfer and payment service available on the Line messaging app, in order to reinforce its position in the financial business domain.

Line Corporation has claimed that it would use the new company as a base preparing to provide different financial services, including a place to exchange and transact digital currencies, loans, and insurance making it all possible through the Line application.

In addition to the high-level of security that Line has cultivated for use in its day-to-day messages, the company aims to actively promote research and development of technologies such as blockchain and provide a financial service that is convenient and safe to users. Line is actively engaging in hiring persons who are experts in these technologies and in finance.

Line Financial Corporation Overview

As it was stated in the official announcement of the company, the application process for registration as a virtual currency exchanger has already been started with the Financial Services Agency, and it is currently being revieved.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

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.