Fidelity Investments to Launch Crypto Products by 2019

The CEO of Fidelity Investments, Abigail Johnson, has announced that the firm is working on digital asset and blockchain products and they are looking to release them by early next year. Johnson did not answer any further questions, but we will be hearing updates from them soon. Investors are keen to keep a close watch on this project, as the investment company is one of the most popular crypto-friendly financial service institutions on the globe. The rumors began in June of 2018, and started as the company was working on a crypto exchange. In the same month, Fidelity said they were interested in bringing on a fund manager to run a new crypto fund. Neither of the rumors are confirmed to be true, as of yet. Fidelity has also received almost $6 million in crypto donations within the first 6 months of 2017. Johnson explained that the goal of the institution, is to focus on placing the needs of the market first, before the technology.

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