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
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, 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.