Fidelity Digital to Accept Bitcoin Collateral on Cash Loans for Institutions
Fidelity Digital Assets is partnering with crypto lender BlockFi for the new business angle.
The staff will be used to develop new products and expand into crypto other than bitcoin.
Before Fidelity, Mrinalini Bhutoria served as senior research analyst at Circle and spent three years at Credit Suisse.
Over half of those surveyed by financial industry analytics firm Coalition Greenwich said they had digital asset investments already.
The custodian began offering cash loans collateralized by bitcoin last December but is now adding Silvergate customers to the mix.
The director of research at Fidelity Digital Assets gives her take on the crypto space.