A strong statement for cryptocurrency sentiment is being made by Fidelity through their business development and continued research on the cryptocurrency and blockchain technology industries. This year the company launched Fidelity Digital Assets as a new subset of their business to get a leg up on the growing institutional grade financial interest in digital currencies. For Fidelity, the industry simply falls in line with much of how the global financial industry has worked over the course of the past 100 years.
We’ve seen a maturation of interest in digital assets from early adopters, like crypto hedge funds, to traditional investors like family offices and endowments. - Tom Jessop, president of Fidelity Digital Assets
In collaboration with Greenwhich Associates of Boston, the companies have released the data on a survey conducted with institutional investors. The key finding is that nearly have of those surveyed now view digital assets as something that has an integral place in their investment portfolios. Further, of that 47% who think that, there are three ways they engage the type of asset.
72% prefer to buy investment products that hold digital assets
57% prefer to buy crypto assets directly
57% prefer to buy an investment product that holds digital asset companies
Their findings are in line with Fidelity’s way of thinking. As with traditional asset classes, there are many ways to integrate them into an investment portfolio in order to accomplish different goals. And for digital assets, it's clear that this is just the beginning. It was only 10 years ago that Bitcoin was first created, and global financial regulation standards have still not yet even been set for the new type of currency. For digital assets, the frameworks are just beginning.
“Institutional sentiment mirrors many of the positive developments we’ve seen in the underlying ecosystem. Venture investment in the sector continues at a healthy pace, complemented by an increasing number of security token offerings (STOs), and the global regulatory environment remains cautiously constructive. Another indication of a growing ecosystem around digital assets is high transaction activity on the Bitcoin blockchain.” - Tom Jessop
By: BGN Editorial Staff