When Fidelity Digital Assets (FDAS) was launched in early 2019, offering custody services and tools for institutional traders and investors, the firm’s services started and ended with the support of Bitcoin. However, FDAS president Tom Jessop told The Block’s Frank Chaparro that all of that might soon change.
“On ‘The Scoop Live’ podcast, Frank Chaparro recently spoke to Fidelity Digital Assets’ president, Tom Jessop, to talk about … support for Ethereum, and the application of blockchain technology in the tokenization of traditional assets.”https://t.co/h6vpnxL7D4
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— Frank Chaparro (@fintechfrank) December 14, 2019
However, in a recent interview, Tagomi’s Marc Bhargava told Finance Magnates that a new wave of institutional capital could crash into crypto in 2020 with the dawn of “big tech” in the cryptosphere.
“I think that this next 2020 wave of ‘institutional’ investors is really these large tech firms,” he said in an interview with Finance Magnates. “And I think that down the road, you definitely will see more from the traditional asset managers–right now, we see more of the family offices who have broader discretionary ability to invest in things, or funds that are primarily hedge funds run by a couple parts.”
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