{"id":8164,"date":"2018-09-19T18:11:37","date_gmt":"2018-09-19T18:11:37","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=8164"},"modified":"2018-09-19T18:11:37","modified_gmt":"2018-09-19T18:11:37","slug":"fidelity-investments-to-launch-crypto-products-by-year-end","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/","title":{"rendered":"Fidelity Investments To Launch Crypto Products By Year End"},"content":{"rendered":"

\"\"Boston, Massachusetts-based, $2.4 trillion asset management firm and financial services company, Fidelity Investments, is in the final stages of entering the cryptocurrency space, with an official declaration from the firm expected \u201cby the end of the year\u201d if recent statements from Fidelity\u2019s CEO proves true.<\/p>\n

While talking at annual Boston Fintech week, Fidelity Investments CEO Abigail Johnson disclosed that the renowned investment management and financial solutions provider has some crypto-related projects in progress and that could be uncovered by the end of 2018.<\/p>\n

While exchanging views with the prominent Fintech thought leader Sarah Biller, Johnson<\/strong> said<\/p>\n

\u201cWe\u2019ve got a few things underway, a few things that are partially done but also kind of on the shelf because it\u2019s not really the right time. We hope to have some things to announce by the end of the year.\u201d<\/p><\/blockquote>\n

She, however, stopped short of revealing more details on the plan<\/a>, or the departments or employees who are tasked with Fidelity\u2019s one or more crypto projects.<\/p>\n

Fidelity Investments joins Citigroup, Goldman Sachs, and several other big players in the finance domain in getting ready to enter the cryptocurrency market with a bang.<\/p>\n

The crypto sector is currently dominated by Coinbase, Gemini and handful of prominent players. These crypto-focused firms have principally offered their services to individual investors. However, of late, the crypto firms have started targeting fund managers with top notch product releases, with an aim to outperform traditional financial firms. Institutional investors \u2013 often described as the game-changer-are wary of joining the space given the risks and lack of familiarity involved with a budding technology and asset class.<\/p>\n

Investing via proven traditional financial firms such as Fidelity will increase confidence, comfort and familiarity for institutional managers.<\/p>\n

While the range of products Johnson<\/a> described would be a novelty for the company when it comes to offering customers opportunities to invest in crypto currencies such as Bitcoin and Ethereum, Fidelity has dabbled with crypto currencies in the past.<\/p>\n

Way back in 2015, Fidelity\u2019s autonomous public charity arm started facilitating donations to nonprofit organizations using Bitcoin. During last year\u2019s bull market, more than $69 million worth Bitcoin was given away \u2013 nearly ten times the prior year \u2013as investors with newly acquired wealth turned to philanthropy in an attempt to distribute their wealth in a constructive way.<\/p>\n

Johnson<\/strong> said<\/p>\n

\u201cIt 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.\u201d<\/p><\/blockquote>\n

Fidelity also offers its customers the opportunity to track their crypto currency investments in their Fidelity portfolio through a 2017 partnership with the San Francisco Coinbase.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boston, Massachusetts-based, $2.4 trillion asset management firm and financial services company, Fidelity Investments, is in the final stages of entering the cryptocurrency space, with an official declaration from the firm expected \u201cby the end of the year\u201d if recent statements from Fidelity\u2019s CEO proves true. While talking at annual Boston Fintech week, Fidelity Investments CEO […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,1],"tags":[],"class_list":["post-8164","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-usa"],"yoast_head":"\nFidelity Investments To Launch Crypto Products By Year End<\/title>\n<meta name=\"description\" content=\"Fidelity Investments is in the final stages of entering the crypto space, with an official declaration from the firm expected \u201cby the end of the year.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelity Investments To Launch Crypto Products By Year End\" \/>\n<meta property=\"og:description\" content=\"Fidelity Investments is in the final stages of entering the crypto space, with an official declaration from the firm expected \u201cby the end of the year.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-19T18:11:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/09\/fidelity.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Fidelity Investments To Launch Crypto Products By Year End\",\"datePublished\":\"2018-09-19T18:11:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/\"},\"wordCount\":445,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/fidelity.jpg\",\"articleSection\":[\"Cryptocurrency\",\"USA\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/\",\"name\":\"Fidelity Investments To Launch Crypto Products By Year End\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/fidelity.jpg\",\"datePublished\":\"2018-09-19T18:11:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"Fidelity Investments is in the final stages of entering the crypto space, with an official declaration from the firm expected \u201cby the end of the year.\u201d\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/fidelity-investments-to-launch-crypto-products-by-year-end\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/fidelity.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/fidelity.jpg\",\"width\":380,\"height\":250},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\",\"name\":\"Cameron Bishop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g\",\"caption\":\"Cameron Bishop\"},\"description\":\"Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/author\\\/cameron-bishop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fidelity Investments To Launch Crypto Products By Year End","description":"Fidelity Investments is in the final stages of entering the crypto space, with an official declaration from the firm expected \u201cby the end of the year.\u201d","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/","og_locale":"en_US","og_type":"article","og_title":"Fidelity Investments To Launch Crypto Products By Year End","og_description":"Fidelity Investments is in the final stages of entering the crypto space, with an official declaration from the firm expected \u201cby the end of the year.\u201d","og_url":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/","article_published_time":"2018-09-19T18:11:37+00:00","og_image":[{"url":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/09\/fidelity.jpg","type":"","width":"","height":""}],"author":"Cameron Bishop","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Cameron Bishop","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/#article","isPartOf":{"@id":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/"},"author":{"name":"Cameron Bishop","@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91"},"headline":"Fidelity Investments To Launch Crypto Products By Year End","datePublished":"2018-09-19T18:11:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/"},"wordCount":445,"commentCount":0,"image":{"@id":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/09\/fidelity.jpg","articleSection":["Cryptocurrency","USA"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/","url":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/","name":"Fidelity Investments To Launch Crypto Products By Year End","isPartOf":{"@id":"https:\/\/www.legitgambling.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/#primaryimage"},"image":{"@id":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/09\/fidelity.jpg","datePublished":"2018-09-19T18:11:37+00:00","author":{"@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91"},"description":"Fidelity Investments is in the final stages of entering the crypto space, with an official declaration from the firm expected \u201cby the end of the year.\u201d","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legitgambling.com\/news\/fidelity-investments-to-launch-crypto-products-by-year-end\/#primaryimage","url":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/09\/fidelity.jpg","contentUrl":"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/09\/fidelity.jpg","width":380,"height":250},{"@type":"WebSite","@id":"https:\/\/www.legitgambling.com\/news\/#website","url":"https:\/\/www.legitgambling.com\/news\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legitgambling.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.legitgambling.com\/news\/#\/schema\/person\/0e2e077765174748afc2362c890e3f91","name":"Cameron Bishop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f635e871248df28d6828ec38af2b48c04796e65e714639cfa0c2d3d1c91b0bc7?s=96&d=monsterid&r=g","caption":"Cameron Bishop"},"description":"Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.","url":"https:\/\/www.legitgambling.com\/news\/author\/cameron-bishop\/"}]}},"_links":{"self":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts\/8164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/comments?post=8164"}],"version-history":[{"count":0,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/posts\/8164\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/media?parent=8164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/categories?post=8164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legitgambling.com\/news\/wp-json\/wp\/v2\/tags?post=8164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}