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posted by Fnord666 on Monday November 05 2018, @08:21AM   Printer-friendly

Submitted via IRC for Bytram

Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies

Fidelity has a long history of dealing with enterprise security, as well as public and private key cryptography to make sure it isn't part of that statistic. Its custody solution will include vaulted "cold storage," which involves taking the cryptocurrency offline, and multilevel physical and cyber controls, among other security protocols that have been created leveraging Fidelity's security principles from other parts of the business.

"You might look at the crypto world and say, 'Wow, is this a new thing?' but we've been managing key materials for a long time," Jessop said. "We took our learnings in how to run enterprise security, then through our exploration of bitcoin and some of the people we've hired, quickly developed some of the crypto native expertise and federated the two of those things."


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  • (Score: 0) by Anonymous Coward on Monday November 05 2018, @11:24AM

    by Anonymous Coward on Monday November 05 2018, @11:24AM (#757936)

    Not if you have someone do it for you [dilbert.com]