4th Largest Asset Manager in the World to Launch Crypto Products by 2018 End

4th Largest Asset Manager in the World to Launch Crypto Products by 2018 End
фото показано с : blokt.com

2018-9-21 18:49

The CEO of Fidelity Investments has confirmed that the asset management behemoth will launch cryptocurrency products by the end of this year. The company, which currently manages over $2.4 trillion in assets, provides fund distribution, wealth management, life insurance, and retirement services.

CEO Abigail Johnson, a longtime crypto bull, recently said that the company would bring new institutional investment opportunities for users in the digital currency markets. It is already working on a few blockchain and cryptocurrency products that will be available in the upcoming months.

What to Expect From Fidelity?

Johnson did not reveal much detail about their projects while speaking at the Boston Fintech Week Conference. But she said:

“We’ve got a few things underway, a few things that are partially done but also kind of on the shelf because it’s not really the right time. We hope to have some things to announce by the end of the year.”

She has been praising cryptocurrencies, claiming in a public address last year that she “loves” Bitcoin. In the public address, she also said that blockchain technology has the ability to alter the structure of the Internet. Johnson’s strong bullish stance on cryptocurrencies sparked the market’s interest in the asset manager’s next steps.

Fidelity’s Previous Crypto Adventures

The large asset manager previously said that the company is involved in cryptocurrency mining. It even has a 15-percent stake in Dash master node company. Even though Johnson seems strongly bullish on digital currencies despite the Wall Street and other prominent financial institutions being uncomfortably oblivious of its benefits, the company didn’t move into the crypto industry quickly.

It started off with crypto mining, which the company said was to understand the emerging sector and its profitability. In 2015, Fidelity Charitable, an independent public charity of the company, allowed patrons to donate in Bitcoins. Since that time, the charity has raised several million dollars, with $69 million donated in 2017 alone. The number was 10 times as high as its 2016 figures.

Johnson commented on the success of the charity:

“That was a surprising hit. It worked out because there were so many people, newly incredibly wealthy through Bitcoin, who were looking to become philanthropists. We made it really easy for them.”

Fidelity is taking careful steps in the crypto market. Johnson said that they built a long list of possible use cases for prominent cryptocurrencies and blockchain technology, but most of the ideas have not survived. She also said that Fidelity is listening to the market now.

4th Largest Asset Manager in the World to Launch Crypto Products by 2018 End was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dix Asset (DIX) на Currencies.ru

$ 1.0E-7 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $1.0E-7 - H: $1.0E-7
Капитализация $11.516k Rank 99999
Цена в час новости $ 4.8E-6 (-97.92%)

launch products asset crypto cryptocurrency 4th company

launch products → Результатов: 45


Winklevoss Twins Launch Stable Coin, Receive Green Light from Regulator

The Winklevoss twins have just launched a stable coin on their Gemini platform. It is the first of such products to receive approval from a financial regulator. Gemini Dollar Gets Blessing from the New York Department of Financial Services Tyler and Cameron Winklevoss continue to champion the cause of cryptocurrency, despite the declines in prices.

2018-9-11 21:00


Фото:

UK Exchange Launches First FCA-Regulated Bitcoin Cash Futures Contracts

The UK-based cryptocurrency futures exchange, Crypto Facilities, has announced the launch of the first Bitcoin Cash – Dollar (BCH/USD) futures. Crypto Facilities is regulated by the U. K. Financial Conduct Authority (FCA) and the new BCH futures products will join the firm’s other crypto-based contracts at 4 pm UK time on Friday, August 17th.

2018-8-17 18:30


NYSE Parent ICE Will Deliver Real Bitcoin Via New Futures Contracts

NYSE Parent, Intercontinental Exchange, to Launch New Futures Contracts Delivering Real Bitcoin The Intercontinental Exchange (ICE), the Atlanta-based company which owns the New York Stock Exchange (NYSE) announced on Friday that it plans to launch a couple of new products, the first being its new platform for digital assets, as well as a Bitcoin futures […]

2018-8-3 19:53


Фото:

Queensland Backs Cryptocurrency Point-of-Sale Project for Tourism

The Queensland government in Australia is backing a cryptocurrency point-of-sale system that officials believe will help boost tourism throughout the area. Thus far, they have given over $8 million in Australian dollars ($6 million USD) to roughly 70 different companies that will work to inspire innovation and create new ideas within the region’s travel space.

2018-8-2 00:27


Фото:

Key Swiss online bank posts increase their profits after providing Crypto investment to customers

In July 2017, the Swiss-based online bank was credited by many with becoming “the first” European online bank to launch Bitcoin (BTC) trading accounts for its clients. Finews attributes Swissquote’s bullish growth in Q1 2018 to a “brisk demand” for crypto products and the soaring fortunes of crypto markets earlier this year. Net new capital

2018-7-31 16:02


Фото:

Swiss Stock Exchange Operator Plans to Launch Crypto Exchange

SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.

2018-7-7 23:11


OKMCoin ICO

OKMcoin is an ERC20 token which represents the right to purchase / trade Cryptocurrency Transaction Processing Capacity (Hardware) and Cryptocurrency Transaction Processing Ability (Software). Additionally, OKMcoins can be used to purchase products, services and mobile application subscriptions provided by OKM.

2018-7-2 21:07


Фото:

Maybe The Future For Crypto Exchanges, Lies Within Not Being A Crypto Exchange

As crypto-exchanges grow, competition becomes hotter. Of course, this competition can be hampered by regulations and as we see tighter regulations roll out across the industry, we should expect crypto-exchanges to switch on their imaginations in order to help them provider their customers with new and unique products that in turn, will mean new customers turn to them, ahead of their rivals.

2018-6-11 22:30