On The Brink with Castle Island
Cynthia Lo Bessette and Matt Horne on Digital Asset Management at Fidelity (EP.519)
Apr 15, 2024
Cynthia Lo Bessette and Matt Horne from Fidelity Digital Asset Management discuss the history of digital asset innovation, launching the Fidelity Bitcoin ETF, tokenization of real-world assets, and the future of public blockchain assets. They delve into challenges in gaining approval for Bitcoin ETFs, adoption dynamics of new investment products, and regulatory hurdles in asset trading. The conversation also covers multi-party custody solutions and the evolving role of custody in digital asset management.
31:58
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Quick takeaways
- Fidelity consolidated digital asset management, focusing on crypto assets for broader investment solutions.
- Matt Walsh transitioned successfully from traditional ETFs to lead digital asset strategies at Fidelity, showcasing career growth opportunities.
Deep dives
Fidelity Digital Asset Management's Evolution and Infrastructure Building
Fidelity's Bitcoin ETF launch signaled a strategic shift, consolidating digital asset management under the larger asset management unit. The move aimed to establish an investment-focused culture around crypto assets, expanding access and enabling broader asset incorporation into investment solutions. Infrastructure enhancements included research, data platforms, and support for asset tokenization.
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