{"id":62314,"date":"2022-06-01T12:42:53","date_gmt":"2022-06-01T09:42:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62314"},"modified":"2025-09-05T17:10:32","modified_gmt":"2025-09-05T14:10:32","slug":"fidelity-digital-assets-to-double-staff-as-institutional-interest-in-cryptocurrencies-grows","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fidelity-digital-assets-to-double-staff-as-institutional-interest-in-cryptocurrencies-grows\/","title":{"rendered":"Fidelity Digital Assets to double staff as institutional interest in cryptocurrencies grows"},"content":{"rendered":"<p>The cryptocurrency division of investment giant Fidelity Investments plans to hire additional staff to expand its product lineup, according to president Tom Jessop, <a href=\"https:\/\/www.wsj.com\/articles\/fidelitys-crypto-focused-business-plans-tech-hiring-spree-11653991200\">The Wall Street Journal<\/a> reports.<\/p>\n<p>According to the top executive, by year-end the firm will hire an additional 110 blockchain specialists and 100 client managers.<\/p>\n<p>In November 2019 Fidelity Investments <a href=\"https:\/\/forklog.io\/upravlyayushhij-aktivami-na-2-46-trln-zapustil-servis-dlya-hraneniya-bitkoinov\/\">launched<\/a> an institutional-focused crypto custody unit with a sole focus on Bitcoin. Current plans call for adding Ethereum support.<\/p>\n<p>The team will migrate platform data and applications to the cloud for faster transactions and 24-hour trading. Staff will also work on improving compliance and tax reporting tools.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>We are not fixated on downturns and\u2026 we strive to build infrastructure for the future. We measure success in years and decades<\/em>, Jessop said.<\/p>\n<\/blockquote>\n<p>Currently Fidelity Digital Assets serves the interests of around 400 clients, including registered investment advisers, hedge funds and asset managers.<\/p>\n<p>In April, the parent company Fidelity Investments announced a service enabling clients to accumulate bitcoins on 401(k) retirement accounts. The option will be available in the summer of 2022.<\/p>\n<p>As reported, Fidelity Investments&#8217; plans drew concern from the U.S. Department of Labor.<\/p>\n<p>Earlier, Japanese banks Sumitomo Mitsui Trust and Nomura announced plans to expand their presence in the crypto market.<\/p>\n<p> Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency division of Fidelity Investments plans to hire additional specialists to expand its product lineup, according to president Tom Jessop, The Wall Street Journal reports.<\/p>\n","protected":false},"author":1,"featured_media":62315,"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":[46,1248,1156],"class_list":["post-62314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-fidelity-investments","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62314","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=62314"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62314\/revisions"}],"predecessor-version":[{"id":62316,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62314\/revisions\/62316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62315"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}