- Boston-based Fidelity Investments is seeking talent for its Digital Assets business
- Job titles include blockchain engineer, product designer, and other management positions
- Fidelity is scheduled to launch its crypto trading desk “within a few weeks”
Asset management firm Fidelity Investments is seeking talent for its newly formed digital assets offshoot – Fidelity Digital Assets – the company’s job offer listing suggests.
Building the Team from the Ground Up
American financial services company Fidelity Investments is looking to assemble a team to help its foray into the digital currency space. According to the official job offer listing webpage, the Boston-based enterprise is looking for nine professionals in fields such as blockchain engineering, product design, and data engineering, among others.
For engineering jobs, the ideal candidate must have expertise in cryptography, computer science, mathematics, and hands-on experience developing on public (bitcoin, ethereum) and/or private blockchain platforms. Contributions to open source blockchain projects would be a plus.
The firm is also actively looking for candidates for higher management and executive positions including Vice President – Solutions Architecture (blockchain, cryptocurrency), Director – Product Management, and Vice President – Information Security.
Bringing Bitcoin to the Big Shots
The multinational financial services giant that manages assets worth trillions of dollars announced its entry into the crypto space in October 2018.
At a time when the cryptocurrency market was trodden by bears, Fidelity Investments managed to surprise not only the cryptoverse but also the Wall Street with its decision to enter an industry notorious for its high volatility. In fact, the announcement by Fidelity came just a month after another Wall Street juggernaut, Goldman Sachs, declared that it had abandoned plans to launch a cryptocurrency trading desk.
Fidelity eventually launched its bitcoin custodial services for a select group of clients in March 2019, stating that it will steadily add more customers into its clientele. The company then said that its solutions are focused on the needs of “hedge funds, family offices, pensions, endowments, other institutional investors.”
Most recently, the corporate stated that it could launch its full-fledged “within a few weeks.”
Concluding, it’s fresh to see institutional investors taking a keen interest in the crypto space. It’s safe to say that it won’t be long before other Wall Street biggies follow Fidelity’s path. It’s only a matter of when not if.