Fidelity – the most important event for the cryptocurrency industry. Why?
Source:
Founder and Executive Director of One Alpha Yaniv Feldman in an interview with CNBC Crypto Trader discussed the release of Fidelity to the cryptocurrency market. He spoke about the opportunities that the project opens for institutional investors. Earlier this year the third largest company in the world asset management Fidelity Investments announced the launch of a daughter's Fidelity Digital Assets. The main objective of the project is to make Bitcoin () and other cryptocurrencies more accessible to institutional investors. Market rumors that the platform will be launched early next year.
Feldman claims that this is the most important news for the last 3 months from the point of view of «institutionalization» cryptocurrency.
theFidelity is the third largest company on management of assets. A 7.2 trillion dollars of institutional investors. About the project everyone knows, many are waiting for this event. It's not the same when people don't know what to invest. We actually launched a subsidiary company that focuses exclusively on digital assets.
What is the difference between event and of the Fidelity of Yale University?
Earlier this month, Yale University Ivy League has also invested $ 400 million in cryptocurrency Fund Paradigm. Feldman explains that Yale has invested in cryptocurrency Fund, which invests in cryptocurrency. That is, it is «second level». Fidelity also goes to market directly and will provide a wide range of services: from enterprise solutions for storage of cryptocurrency and trafficking to consulting services.
In recent years, also attracted a lot of attention to the project of an Intercontinental exchange Bakkt, which promise to run in the next month. Another high-profile launch of the exchange ErisX scheduled for the second quarter of 2019.
Information was prepared . More data looking at hontarov.
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