Fidelity has long been a crypto player, going so far as to last year, when the space was enduring its biggest bear run in history, allow retirees and those with 401K funds to their names to use their hard-earned money to invest in digital assets like BTC and Ethereum. This move caught a lot of people off guard and even made certain individuals – such as democrat senator from Massachusetts Elizabeth Warren – very angry.
But this hasn’t stopped the company from moving forward. Fidelity has long commented that crypto is the wave of the future, and it’s not about to prevent people from getting involved early. It and Black Rock are now leading the charge for standard financial investment firms to grow alongside the arena. Larry Fink – the chief executive of Black Rock – explained in a letter to investors:
At BlackRock we continue to explore the digital assets ecosystem, especially areas most relevant to our clients such as permissioned blockchains and tokenization of stocks and bonds. Very interesting developments are happening in the digital asset space.
