Fidelity Investments Expands Digital Assets Division with New Hiring Spree

Fidelity Investments, a $4.5 trillion asset management firm, is set to hire 100 additional staff to strengthen its growing digital assets division, signaling confidence in the future of digital assets despite industry-wide crypto talent cuts.

Published on 2022-10-25

Fidelity Investments Boosts Digital Assets Team

Fidelity Investments, one of the world's largest financial services firms, is expanding its digital assets division with plans to hire 100 new employees. This move underscores the company's commitment to growing its presence in the digital asset space, even as other firms in the industry scale back their crypto-related operations.

Significant Expansion Amid Industry Contrasts

The hiring initiative will increase the headcount of Fidelity Digital Assets to approximately 500 by the end of the first quarter of 2023. This expansion highlights Fidelity's strategic focus on digital assets, positioning it as a leader in the institutional adoption of cryptocurrencies and blockchain technology.

A Strategic Bet on the Future of Finance

Fidelity's decision to grow its digital assets team reflects its confidence in the long-term potential of cryptocurrencies and related technologies. This move not only strengthens its competitive edge but also signals a broader shift in how traditional financial institutions are embracing digital assets.

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