{"id":33293,"date":"2020-12-13T15:51:01","date_gmt":"2020-12-13T13:51:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33293"},"modified":"2025-08-28T13:06:43","modified_gmt":"2025-08-28T10:06:43","slug":"fidelity-ceo-our-bitcoin-custody-business-has-proven-incredibly-successful","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fidelity-ceo-our-bitcoin-custody-business-has-proven-incredibly-successful\/","title":{"rendered":"Fidelity CEO: Our Bitcoin custody business has proven incredibly successful"},"content":{"rendered":"<p>The cryptocurrency custody service launched by Fidelity Investments&#8217; digital assets division in October 2019 has proven to be an \u201cincredibly successful\u201d business, according to CEO Abigail Johnson.<\/p>\n<p>In an interview with Barron&#8217;s, she also said that the cryptocurrency industry is finally entering a genuine upswing.<\/p>\n<p><iframe loading=\\\"lazy\\\" src=\\\"https:\/\/www.youtube.com\/embed\/wvyTt27HG-g\\\" width=\\\"560\\\" height=\\\"315\\\" frameborder=\\\"0\\\" allowfullscreen=\\\"allowfullscreen\\\"><\/iframe><\/p>\n<blockquote>\n<p>\u201cOur Bitcoin-focused custody business has proven incredibly successful. The inflows have been enormous, and it is incredibly gratifying to see,\u201d said Abigail Johnson.<\/p>\n<\/blockquote>\n<p>She noted that Bitcoin has long been positioned as a tool for creating a \u201cpersonal bank,\u201d and Fidelity did not anticipate that custody services would take such a prominent place in the company\u2019s activities.<\/p>\n<blockquote>\n<p>\u201cIf anyone had told us at the outset that we or someone else would prioritise a Bitcoin custody service, I would never have believed it. We expected everything would be different,\u201d said the Fidelity CEO.<\/p>\n<\/blockquote>\n<p>Custody business is often viewed as a key component in attracting institutional investors who require reliable and trusted means of storing digital assets.<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"pHxoYAPggQ\\\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-counters-common-arguments-against-bitcoin\">Fidelity responded to common arguments against Bitcoin<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201cFidelity responded to common arguments against Bitcoin\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/news\/v-fidelity-otvetili-na-rashozhie-argumenty-protiv-bitkoina\/embed#?secret=F5F74fqYqi#?secret=pHxoYAPggQ\\\" data-secret=\\\"pHxoYAPggQ\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>As of the end of June 2020, the value of assets under Fidelity Investments&#8217; management reached a record $3.3 trillion.<\/p>\n<p>In December, the company, in partnership with BlockFi <a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-in-partnership-with-blockfi-begins-issuing-loans-collateralised-by-bitcoin\">began issuing Bitcoin-backed loans<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency custody service launched by Fidelity Investments&#8217; digital assets division in October 2019 has proven to be an \u201cincredibly successful\u201d business, according to CEO Abigail Johnson.<\/p>\n","protected":false},"author":1,"featured_media":33294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1248,1156],"class_list":["post-33293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fidelity-investments","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33293"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33293\/revisions"}],"predecessor-version":[{"id":33295,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33293\/revisions\/33295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33294"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}