Fidelity Digital Assets' Head of Institutional Crypto Exits Role
Chris Tyrer joined Fidelity Digital Assets as its first U.K. employee four years ago.
Chris Tyrer, the head of institutional crypto at Fidelity Digital Assets, a unit of financial services giant Fidelity investments, has left his position, he announced in a LinkedIn post on Tuesday.
The post does not say what his future plans may be.
"Chris is a valued leader who has contributed to the successful and continued growth of the Fidelity Digital Assets business over his nearly four-year tenure," a Fidelity spokesperson told CoinDesk. "Fidelity remains committed to our work in the digital assets space and Fidelity Digital Assets’ continued potential for international growth.”
Tyrer joined Fidelity’s digital assets team in 2019 with “a mandate to set up and run the international business,” he said. Later, he served as president of Fidelity Digital Asset Management before leading the institutional side. Fidelity launched its crypto-focused institutional custody and trading platform Fidelity Digital Assets in 2018.
In November, Tyrer's team launched the company's crypto service, Fidelity Crypto, a commission-free trading product that allowed retail investors to buy and sell bitcoin and ether on the platform.
Before joining Fidelity, Tyrer was head of the digital assets project at investment bank Barclays.
UPDATE (Jan. 31 17:05 UTC) – Adds that Tyrer's future plans are unknown.
UPDATE (Jan. 31 17:15 UTC) – Adds background on Fidelity Digital Assets.
UPDATE (Jan. 31 20:25 UTC) – Adds comment from a Fidelity spokesperson and updates title in headline.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.