Fidelity Digital To Offer Bitcoin-Backed Cash Loans to Institutional Customers

Fidelity Digital Assets will reportedly start letting its institutional customers pledge bitcoin as collateral against cash loans, thanks to a new partnership with blockchain startup BlockFi. According to Bloomberg, Fidelity Digital Assets will hold the BTC pledged as collateral but would not make the loans itself. Fidelity Digital Assets, it’s worth noting, is a unit […]