MicroStrategy's Bitcoin Summit - Day 2...Fidelity Investments Is A Real Player In The Space

Fidelity Investments Inc., one of the largest asset managers in the world, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, wealth management, operates as a brokerage firm, etc. The brokerage firm has over 100 investor centers and provides services to retail investors and institutions.

Fidelity Investments started a custody service to store Bitcoin last year to buy and sell the world’s most popular digital asset for institutional customers. Fidelity Digital Assets was a bet that Wall Street’s appetite for trading and safeguarding digital currencies would grow in the years to come. Fidelity also started offering over-the-counter trade execution and order routing for Bitcoin.

Fidelity came to the conclusion that the blockchain was a transformational technology that would have significant implications for financial services and that the blockchain would evolve into the internet value or money.

So it was important to Fidelity with roughly 10 trillion dollars of client assets and working with tens of thousands of business and financial institutions to get head and dive right in.

https://www.youtube.com/watch?v=ff7YmLKUlHc

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