Fidelity CEO Johnson drops clues about pending crypto products

  • September 20, 2018
  • 3:03 pm ET
Abby johnson Fidelity Boston conference

Img via Jeff Engel

Fidelity Investments CEO Abigail Johnson claims her company has blockchain and crypto-related products coming to market soon. In a Boston Fintech Week interview, she elaborates further.

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Fidelity Investments CEO Abigail Johnson, at a Boston Fintech Week one-on-one, hinted that her company will launch crypto and blockchain-related products before the end of 2018.

Based on their assets under management, Fidelity is currently the 4th largest worldwide, with around $2.4 trillion in their coffers.

In a wide-ranging interview with Sarah Biller at the Boston Fintech Week Conference on September 14th, Johnson said:

“We’ve got a few things underway, a few things that are partially done but also kind of on the shelf because it’s not really the right time. We hope to have some things to announce by the end of the year.”

Johnson has always been seen as a supporter of Bitcoin. She further stated:

“What we started with was building a long list of use cases for either Bitcoin, Ethereum, other cryptocurrencies, or potentially just raw blockchain technology. Most of them have been scrapped by now or at least put on the shelf. The things that actually survived were not the things I think necessarily we expected. We were trying to listen to the marketplace and anticipate what would make sense.”

With more and more institutions jumping on board, it comes as no surprise that Fidelity is keeping pace with their competition.

Via Xconomy • h/t CoinGape

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