Fidelity is the first asset manager to receive regulatory approval for three semi-transparent ETF products using its own proprietary proxy basket methodology.
Nomura's joint venture platform, Komainu, is aiming to create a cryptocurrency ecosystem fit for institutional investors.
Move away from third-party provider reflects growth in automation.
The report suggests custodians are no long the central hub of technology for RIAs, with tech vendors now providing direct competition over data and analytics.
The new business known as Fidelity Digital Assets will offer custody and trade execution of cryptocurrencies to institutional investors from 2019.