Fidelity is dialing up hiring for its cryptocurrency efforts

Fidelity made headlines ealier this week with the announcement of its new institutional brokerage and custody business for cryptocurrency. And now the firm, which is known for its 401(k) and stock brokerage services, is hiring to build out the new crypto business, dubbed Fidelity Digital Assets, according to new job advertisements. 

Here are the positions for which the firm is hiring: 

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  • Senior Technology Risk Analyst: "Are you a technologist or risk professional in financial services and eager to apply your expertise to manage technology risks related to the emerging crypto currencies and Blockchain technology? At Fidelity Digital Assets, we are looking for a technology risk professional to evaluate potential threats to our trading platform."
  • (2) Senior Analyst, Settlement Operations: "Fidelity Investments is looking for a candidate who has previous experience in trade settlement operations to design policies and procedures, implement workflows, and handle daily operations."

The new business, which will help institutions trade and store crypto, is set to launch in 2019. Fidelity’s efforts in crypto began in 2014 with research and development, according to Tom Jessop, who is leading the new crypto business. Then, the firm examined mining in 2015. At the end of last year, the firm saw more opportunities in the institutional space among family offices and new crypto funds that were starting up. In 2017, the firm partnered with Coinbase to allow its clients to view their crypto holdings on the digital asset exchange. 

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Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].