Fidelity has launched an institutional cryptocurrency data analytics platform.

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The new offering from Fidelity Investments to assist institutional clients with their crypto investments.

According to a press release issued on April 29, Fidelity Investments, one of the world’s largest wealth managers, has released Sherlock, a digital asset data and analytics platform for institutional

investors.Institutions ranging from crypto-native investors to conventional wealth managers would be given access to a wide range of data and analytics, including reporting, analysis, and social media.
“It’s been exciting to see the tremendous growth in the digital assets data space over the past few years,” said Kevin Vora, vice president of product marketing at Fidelity Center for Applied Technology (FCAT), in a statement. “And while the market is maturing rapidly, we’ve heard from institutional investors that there’s a need for a comprehensive and accessible data solution.”

The financial services firm, which manages more than $10 trillion in reserves, unveiled its crypto asset subsidiary, Fidelity Digital Assets, in 2018, providing institutional customers enterprise-quality custody and trading execution services for cryptocurrencies.
According to a filing with the US Securities and Exchange Commission, a Fidelity affiliate has filed for a bitcoin exchange-traded fund in the US market in March (SEC).
In 2019, the wealth management behemoth participated in a $1.9 million seed round in blockchain data startup Coin Metrics.
At press time, bitcoin was trading at $57,532.68, up 2.22 percent in the previous 24 hours.

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