Fidelity Digital Assets intends to support Ethereum in 2020 - Yahoo Finance

In a recent episode of The Scoop, the venture's president Tom Jessop told The Block that the firm has "done a lot of work on Ethereum" when asked if they would soon offer custody for the digital currency. Launched at the beginning of 2019, Fidelity Digital Assets (FDAS) offers cryptocurrency custody and trading tools for institutional investors and traders.

Since bitcoin has the longest track record, there is a stronger appetite from institutional investors to allocate capital to it compared to cryptocurrencies like Ethereum, according to Jessop. The firm was also selected by Galaxy Digital to offer third party custody for its two new bitcoin funds.

Timeline of Ethereum