Marathon Digital Holdings, Inc. (the “Company”) has entered into a Custodial Services Agreement (the “Agreement”) with Fidelity Digital Asset Services LLC (“Fidelity”). Pursuant to the Agreement, the Company will establish one or more custodial asset accounts with Fidelity to house a portion of its digital assets. The Agreement contains details on administrative matters such as the transfer of assets into and out of the accounts, as well as on policies on trades, including order execution. The Agreement is terminable at any time by either party upon 30 days’ prior written notice to the other and is terminable without notice upon the occurrence of certain specified events. Fees are specified in the Agreement and the Agreement contains other standard provisions for a custodial services agreement of this like and tenor.
Source: Cryptocurrency - investing.com
