Fidelity unveils digital asset analytics tool for institutional investors
April 29, 2021, 10:44AM EDT
1 min read
On Thursday, financial services firm Fidelity Investments announced SherlockSM, a digital asset data and analytics tool geared toward institutional investors.
Users can see data from blockchain, development ecosystem, market, and social media, then use this information for modeling and back-testing purposes off the platform.
“We’ve heard from institutional investors that there’s still a need for a comprehensive and accessible data solution,” said Kevin Vora, Vice President of Product Management at the Fidelity Center for Applied Technology. “That’s what we’re introducing with Sherlock — robust and insightful datasets paired with highly intuitive tools to help clients make data-driven digital asset investment decisions.”
In 2019, a Fidelity survey found that nearly half of questioned institutional investors were interested in including digital assets in their portfolios. The company began offering bitcoin custody services to its clients that same year.
With that “incredibly successful” custody business, according to the firm’s CEO Abigail Johnson, the new tool could provide another way to service its bitcoin-enthusiastic institutional clients.
The Block Research was commissioned by Forte to create “Blockchain-Based Gaming: A Primer” which provides a comprehensive introduction to how blockchain technology is being employed in video gaming experiences.
“It’s a global development.” On this episode of The Scoop, 10T Founder and CEO Dan Tapiero joined host Frank Chaparro to discuss his insights into the globalization of crypto markets and how his macro investing strategy has seen his fund 10T pour hundreds of millions into crypto unicorns. To date, Tapiero has already allocated the […]
The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report. The publication said in a report on Thursday night that the U.S. regulator “isn’t likely to block the products from starting to trade next week,” citing people familiar with the matter. The report […]