Fidelity Jumps Into Crypto Analytics With New Product
Fidelity Investment is launching a new cryptocurrency analytics platform, Sherlock, for institutional investors.
Fidelity Takes on Crypto-Native Solutions
Sherlock is built to help institutional customers make informed investment decisions in cryptocurrency assets, according to marketing materials.
The platform collates fundamental and technical data from various sources into a single portal, including “development ecosystems, network activity, trading, social media activity, news, and other research.”
In addition to ready-made analytics tools, the platform would also allow users to download data on cryptocurrencies for modeling and back-testing.
The platform was developed by Fidelity Center for Applied Technology (FCAT), a technology research division under the company.
“Sherlock helps institutional investors research digital assets more efficiently, and we continue to experiment with it and explore how technology can help simplify other aspects of investing in this space,” said Adam Schouela, head of emerging technology at FCAT.
Sherlock would compete with existing crypto analytics platforms, the likes of which include Messari, Delphi Digital, Skew, Santiment, and Glassnode.
Institutional interest in cryptocurrencies has been growing rapidly, as billion-dollar asset managers firms and companies add Bitcoin to their portfolios. Fidelity has also responded with various Bitcoin-related investment products and services in areas such as trading, custody, and lending.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article
