Fidelity Establishes Cryptocurrency And Token Research Team

Asset management giant Fidelity is enhancing its crypto research efforts by hiring a leader for its cryptocurrency and token research and development team.

According to a job posting posted on LinkedIn, the newly created role will be a senior position that will join the existing quantitative research and investment technology team in the asset management business. The company says in the ad:

“They will work on data and technical frameworks for the evaluation of tokens and related blockchain protocols that underpin the rapidly evolving Crypto and DeFi economy.”

Fidelity is no stranger to the crypto market, having built an institutional trading and execution services team since 2018. The firm also recently opened Bitcoin and Ethereum trading to its individual brokerage clients. It plans to expand the offering by allowing customers to move coins on and off its platform.

As for the new crypto research role, the position will report to the vice president of quantitative development. In addition, the new role will partner with other Fidelity business and technology leaders to identify and define strategic priorities based on an understanding of business value needs.

One of the world’s largest financial services companies, Fidelity offers a wide range of services, including 401k products, brokerage services and indexing. The firm’s digital and technology staff use the data to create a variety of investment strategies for their client portfolio.