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Fidelity to provide digital asset analysis services for institutional investors

Cryptocurrency

Cryptocurrency market analysis tool

With the development and expansion of the ecosystem, it is becoming increasingly difficult to get a complete picture of the crypto assets (cryptocurrencies) and the blockchain industry.

Fidelity Investments, a major asset management company, announced on the 29th the digital asset data analysis tool “Sherlock SM”. It is a service for institutional investors and is an intuitive and comprehensive analytical tool in the digital asset market.

“The main challenge in investigating the crypto asset market today is to bring together information from a myriad of resources,” Kinjal Shah, senior associate at Blockchain Capital LLC., Said in a release.

Sherlock provides timely and comprehensive access to data that is important in this fast-paced market, enabling more efficient research.-Mr. Kinjal Shah

According to the press release, Sherlock will provide data such as the activity and development status of digital asset networks, trading and social media activities, news, as well as research including its own analysis of digital assets.

Kevin Vora, vice president of product management at Fidelity Applied Technology Center (FCAT), which developed Sherlock, said Sherlock provided “robust, insightful data and highly intuitive tools” to “customers turn to data.” It enables investment in digital assets based on it. “

In March, Fidelity submitted a prospectus for Bitcoin’s ETF (Exchange Traded Fund) to the SEC. It is attracting attention as an application for Bitcoin ETFs by major financial institutions.

Relation:US Fidelity to Bitcoin ETF application

In addition, its subsidiary Fidelity Digital Assets is aggressively expanding into the digital asset field, such as providing custody services for crypto assets including Bitcoin.

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Author: t.tenporin
Reference: buisiness wire

Images used under Shutterstock license
“Cryptocurrency” means “cryptographic assets”

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