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Fidelity Digital Assets, National Association Unclaimed

digital assets

www.fidelitydigitalassets.com

Boston, MA, United States

Fidelity Digital Assets offers institutional-grade custody and trading for digital assets, backed by Fidelity’s heritage of security and client-focused service.

Fidelity Digital Assets, National Association (FDA NA) provides institutional-grade custody and trading services for digital assets, backed by Fidelity Investments’ long history of risk management and client service. The organization serves institutional investors, asset managers, RIAs, wealth managers, banks, pension funds, endowments, and corporate treasurers. It offers an integrated platform with secure custody, 24/7 trading, collateral-account capabilities, and 24/7 support, along with research and education resources. The group operates under rigorous governance and regulatory compliance, including SOC 1 Type 2 and SOC 2 Type 2 audits and registrations with authorities in the United States and the United Kingdom, underscoring its commitment to security, transparency, and resilience for institutions.

At Fidelity Digital Assets®, we’re helping bring digital assets mainstream by building products with integrity, prioritizing security, and meeting the evolving needs of institutional investors.

What we offer

Custody & Trading Platform

Secure and efficient platform for institutional-grade custody and trading of digital assets.

www.fidelitydigitalassets.com/trading-custody

Fidelity Digital Dollar (FIDD)

Fidelity Digital Dollar offers a stablecoin solution, ensuring reliable access to fiat-backed digital value.

fidelitydigitalassets.com/stablecoin

Fidelity Wise Origin Bitcoin Fund (FBTC)

Provides investors with convenient access to bitcoin exposure through an exchange-traded fund.

www.fidelity.com/etfs/crypto-funds

Fidelity Ethereum Fund (FETH)

Gain Exposure to Ether Through a Secure Exchange-Traded Product.

www.fidelity.com/etfs/crypto-funds

Integrated Solutions

Provides specialized resources and support for investment strategies through integrated solutions.

Research & Education

Service

Empowering investors with exclusive insights and data-driven research on digital assets.

www.fidelitydigitalassets.com/research-and-insights

Market segments

Market size by segment

Growth potential (CAGR)

Institutional custody and asset servicing

38.1 Billion USD8% CAGR

Secure, compliant custody and asset servicing for institutional investors, including cold storage, operational controls, SOC audits, and custody for third‑party exchange‑traded products.

Digital asset trading and execution

12 Billion USD12.6% CAGR

24/7 trading and execution capabilities with smart order routing, multi‑venue liquidity, single‑platform execution, and real‑time settlement for institutional workflows.

Stablecoin issuance and treasury

270 Billion USD95% CAGR

Issuer‑backed stablecoin services including minting/redemption, reserve asset management, transparent reporting, and integration for institutional treasury and settlement use cases.

Spot crypto exchange‑traded products

134.5 Billion USD20% CAGR

Exchange‑traded products that provide regulated, prospectus‑level spot exposure to bitcoin and ether with institutional custody and disclosure practices.

Institutional research and investor education

10 Billion USD8% CAGR

Research, coin reports, market signals, and educational content targeted to institutional investors and financial advisors to inform strategy and client conversations.

More information about our offering

Custody & Trading Platform

Institutional-grade custody and trading platform for digital assets, combining secure custody, 24/7 trading, and unified trade execution. Includes an integrated stablecoin (Fidelity Digital Dollar, FIDD), collateral accounts, and Fidelity Crypto for Wealth Managers, with 24/7 support and governance aligned with Fidelity Investments’ standards.

  • Access Continuous Support
    Clients receive around-the-clock support, ensuring timely assistance for their investment needs.
  • Trade with Stablecoin
    Utilize Fidelity Digital Dollar for transactions, providing stability in trading.
  • Ensure Asset Security
    Robust security measures protect digital assets through advanced operational controls.
  • Safeguard Digital Assets
    Institutions benefit from advanced custody solutions ensuring safety and compliance.
  • Execute Trades Instantly
    Seamlessly execute transactions while maintaining asset security within cold storage.
  • Access Trading Anytime
    Enjoy flexible trading hours with real-time transactions consolidating your investment management.
  • Utilize Collateral Efficiently
    Access cash loans through third-party lenders using digital assets held with Fidelity as collateral.
  • Manage Digital Assets Seamlessly
    Combines traditional asset management with digital assets for comprehensive portfolio management.
  • Optimize Trade Execution
    Utilize intelligent routing to achieve optimal pricing and better outcomes on trades.
  • Trade Privately
    Ensure the confidentiality of transactions while leveraging cold storage for asset protection.

Fidelity Digital Dollar (FIDD)

A stablecoin pegged 1:1 to the U.S. dollar, issued by Fidelity Digital Assets, National Association. Customers can purchase and redeem FIDD, subject to availability and account eligibility.

  • Control Access Based On Eligibility
    Only customers with qualifying accounts can purchase and redeem FIDD.
  • Supported By A Renowned Financial Institution
    FIDD is backed by the established reputation and operational standards of Fidelity.
  • Buy Or Sell For One Dollar
    FIDD transactions are straightforward with a fixed value, facilitating easy conversions.
  • Maintains Stability Relative To Fiat Currency
    FIDD offers price stability, making it a viable digital currency for transactions.
  • Meets High Security And Compliance Standards
    Rigorous governance ensures the safety of assets and client data.
  • Assets Backed By Secure Investments
    FIDD is anchored by U.S. dollars held in secure and liquid assets.
  • Self-Disclosed Reserves For User Confidence
    Daily updates provide transparency regarding the backing of FIDD.

Fidelity Wise Origin Bitcoin Fund (FBTC)

Spot bitcoin exchange-traded product that seeks to track the performance of bitcoin. Underlying bitcoin is custodied by Fidelity Digital Assets, a NYDFS-regulated custodian.

  • Direct Access To Bitcoin Market
    The fund provides investors with direct exposure to the price movement of bitcoin, allowing them to participate in the digital asset market seamlessly.
  • Secures Underlying Assets
    Fidelity Digital Assets ensures that all underlying bitcoin is stored securely, providing peace of mind to investors regarding asset safety.
  • Ensures Regulatory Compliance
    The fund's custodian meets stringent regulatory requirements, ensuring a trustworthy investment environment for clients.
  • Provides Access To Multiple Investors
    This feature ensures that both financial advisors and individual investors can easily access the fund through Fidelity's user-friendly platforms.
  • Competitive Pricing Structure
    With a low expense ratio and waived fees for the first six months, investors can maximize returns on their bitcoin investments.
  • Transparency Through Documentation
    Investors can access detailed documentation about the fund, including strategies, risks, and performance outlooks, fostering informed decision-making.

Fidelity Ethereum Fund (FETH)

Spot ether exchange-traded product that seeks to track the performance of ether. The underlying ether is custodied by Fidelity Digital Assets, a NYDFS-regulated custodian.

  • Institutional-Grade Security
    The fund's ether is securely held by a trusted NYDFS-regulated custodian, ensuring high standards of security and reliability.
  • Direct Ether Investment
    Investors receive direct market exposure to ether, enabling them to leverage its performance effectively in their portfolios.
  • Access Ether Easily
    Designed to be accessible for both financial advisors and individual investors, making ether investments simpler and more widespread.
  • Lower Costs
    A competitively priced product, offering an expense ratio that is attractive to investors, especially with the current waiver, enhancing affordability.
  • Transparent Information
    Investors can easily access the fund's prospectus, detailing investment objectives, risks, and expenses, fostering informed decision-making.
  • Understand Regulations
    Clarifies the regulatory status of the fund, ensuring investors are informed about their investment's classification and associated protections.

Integrated Solutions

Tailored institutional solutions including collateral accounts and Fidelity Crypto for Wealth Managers, with a 24/7 team to help execute investment strategies; fully integrated with the custody and trading platform.

  • Enable Timely Strategy Execution
    Clients receive continuous assistance to execute their investment strategies effectively at any time.
  • Enhance Client Service
    Integrate digital asset management into broader wealth management strategies for greater client satisfaction.
  • Streamline Trading Processes
    Offers seamless access to trading and custody functions to enhance operational efficiency.
  • Facilitate Financing Options
    Allow clients to leverage their digital assets by offering financing options through collateral accounts.

Research & Education

Educational content and thought leadership for institutional investors, including research studies, coin reports, and educational articles.

  • Access Premier Insights
    Leverage insights from leading experts to inform strategic investment decisions in a rapidly evolving market.
  • Provide In-Depth Analyses
    Gain insights into the strengths and weaknesses of various digital assets, aiding investment decisions.
  • Enhance Understanding of Digital Assets
    Access comprehensive articles that clarify complex digital asset topics and improve investor literacy.
  • Stay Updated On Market Dynamics
    Utilize periodic studies to stay informed about market shifts and emerging opportunities in digital assets.
  • Monitor Trends and Sentiment
    Receive insights into market conditions and investor behaviors to adjust investment strategies accordingly.

References

Methodology and sourcing behind the figures shown above.

Institutional custody and asset servicing

Estimated current market size derived from Everest/Infosys reporting that global custody was US$24B in 2020 and had been growing ~8%; projecting that forward to mid‑2020s gives ~US$38B. BusinessResearchInsights reports a narrower “custody and trust services” market (~US$6.3B in 2026) but uses a different scope; multiple sources (Everest, industry commentary, and PwC tokenisation forecasts) point to mid‑single to high‑single digit CAGR (≈8%) as a reasonable growth potential, driven by rising AUM, tokenisation, and digital asset custody demand.

Digital asset trading and execution

Used reported total digital-asset market cap (~$1.6 trillion) as the ecosystem size (FTSE Russell). Estimated the trading & execution platform market as a small fee/revenue capture of that ecosystem (conservative range ~0.5–1.0%); midpoint yields about $8–16B, so estimated market size ≈ $12B. Growth potential uses a reported industry CAGR for digital asset trading platforms (12.6% 2026–2033) as a central projection, aligned with evident institutional adoption and productization of execution solutions.

Stablecoin issuance and treasury

Current market-size proxied by dollar‑backed stablecoins AUM: BIS reports combined AUM exceeded $270B as of Dec‑2025. Growth potential uses the US Treasury/TBAC projection that stablecoins could reach ≈$2T by 2028, implying ~95% CAGR from 2025–2028. Vanderbilt’s data (growth from $2B in 2019 to >$230B by Q1‑2025) and BIS notes on large T‑bill reserve holdings corroborate rapid expansion and strong treasury‑demand dynamics underlying this projection.

Spot crypto exchange‑traded products

Primary basis: Flow Traders’ 2024 Crypto ETP report gives a direct, recent AUM figure for global crypto ETPs (USD 134.5B as of Nov 2024), which—after U.S. spot‑ETF approvals—serves as a practical proxy for the spot crypto ETP market (bitcoin and ether focused). Chainalysis and Schwab provide corroborating evidence of large, rapid inflows and the proliferation of spot ETPs (high daily volumes and multiple direct‑exposure products). Given the 2024 spike (950% YoY in ETP AUM) and likely continued institutional adoption balanced by potential normalization, a medium‑term growth potential is estimated at ~20% CAGR (reflecting strong but not perpetually exponential inflows; trading‑platform CAGR ~12.6% offers a conservative comparator).

Institutional research and investor education

Search results contained no direct market sizing for institutional research and investor education, so estimate is based on internal market hierarchy assumptions: global asset management AUM (~$100–130T) and industry revenues (~0.5–1% of AUM) imply annual industry revenues of several hundred billion USD; firms typically allocate a small share (roughly 1–2%) of those revenues to third‑party and in‑house research, investor education, training, and related subscription services. Applying that share yields an estimated global market around $6–24B; I select a conservative midpoint estimate of about $10B. Growth potential (CAGR ~8%) reflects ongoing digitalization, platformization of research/education, increasing regulatory and fiduciary demands, and AI‑driven product expansion, suggesting moderate double‑digit to high single‑digit growth.

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