Fidelity Launches Institutional Crypto Data Analytics Platform

Fidelity Investments' latest product is designed to help institutional clients with their crypto investments.

AccessTimeIconMay 1, 2021 at 2:49 p.m. UTC
Updated Sep 14, 2021 at 12:49 p.m. UTC

Fidelity Investments, one of the world's largest asset managers, has launched Sherlock, a digital asset data and analytics platform for institutional investors.

  • Institutions ranging from crypto native investors to traditional asset managers will be provided a variety of data and analytics including news, research, and social media, the company said in a news release.
  • "It's been exciting to see the tremendous growth in the digital assets data space over the past few years," Kevin Vora, vice president of product management at Fidelity Center for Applied Technology (FCAT), said in the release. "And while the market is maturing rapidly, we've heard from institutional investors that there's a need for a comprehensive and accessible data solution."
  • The financial service provider, which has more than $10 trillion assets under administration, officially launched its crypto asset division, Fidelity Digital Assets, in 2018, offering enterprise-quality custody and trade execution services for cryptocurrencies to institutional investors.
  • An affiliate of Fidelity also applied for a bitcoin exchange-traded fund in the U.S. market in March, according to a filing with the U.S. Securities and Exchange Commission (SEC).
  • The asset manager giant previously joined a $1.9 million seed round in blockchain data startup Coin Metrics in 2019.
  • At press time, bitcoin's changing hands at $57,532.68, up 2.22% in the past 24 hours, according to CoinDesk 20 data.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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.

Trending

1
CoinDesk - Unknown
CoinFLEX Says Roger Ver Owes It $47M USDC as Spat Turns Public

The crypto exchange said on Monday it was launching a recovery token because of debt that a high net worth customer owed the exchange.

CoinDesk - Unknown
2
CoinDesk - Unknown
Aduana de Argentina incauta $21M en equipos de minería de criptomonedas

Según el gobierno, 2233 máquinas Whatsminer fueron importadas de manera irregular.

CoinDesk - Unknown
3
CoinDesk - Unknown
OKX to Increase Staff by 30% Despite Market Downturn

The crypto exchange wants to have 5,000 employees.

CoinDesk - Unknown
4
CoinDesk - Unknown
‘Crypto Dad’ Chris Giancarlo Knighted by French Government

The former chief of the U.S. CFTC and avowed crypto advocate was recognized by French President Emmanuel Macron in part for embracing “crypto finance.”

CoinDesk - Unknown