Here’s the highlights of the article; Fidelity Investments... is launching a new company aimed at financial institutions that want to trade and store digital assets....The company will be named Fidelity Digital Assets, and it will offer offline cold storage for digital currency, described in offerings as-offline, vaulted deep-cold storage. The new company Fidelity Digital Assets is already said to employ over 100 people, and is reportedly being led by Tom Jessup, formerly managing Director at Goldman Sachs. You can read more here;
https://cryptonews.com/news/huge-news-top-investor-makes-a-splash-crypto-fund-s-ipo-live-2776.htm
My notation: I think this is also potentially valuable to exchanges, which can offer this service to clients who park large amounts of cryptocurrency in exchange accounts.