There is much talk of 2019 being the year that institutional money comes. And with the recent update by Fidelity on its Bitcoin custodial service, there is renewed hope for an end to the bear market. However, by welcoming this news, does that mean we have collectively abandoned our principles?<\/p>\n
While the goal of institutional investing is to make money on behalf of members, this cannot be at the expense of diligence. Concerns over excessive volatility, uncertain regulatory framework, and technical barriers present something of a problem. But despite this, further developments in this space suggest that institutions are coming.<\/p>\n
Back in May 2017, Fidelity CEO Abigail Johnson<\/a> delivered a keynote speech discussing the problems of working with blockchain technology. She explained that challenges related to scalability, regulation, and governance needed to be addressed.<\/p>\n And while it lacked specifics, the acknowledge of blockchain’s potential to revolutionize investing was there.<\/p>\n Since then, the past few weeks has seen news filtering out regarding developments at Fidelity<\/a>. They had previously announced their intent to build institutional-grade infrastructure for securing, trading and supporting digital assets. And yesterday they confirmed initial testing of a final product.<\/p>\n We are live with a select group of eligible clients and will continue rolling out slowly. Our solutions are focused on the needs of hedge funds, family offices, pensions, endowments, other institutional investors. More on our project: https:\/\/t.co\/EkJ2pWJt2Y<\/a> #DCBlockchain<\/a><\/p>\n — Fidelity Digital Assets (@DigitalAssets) March 7, 2019<\/a><\/p><\/blockquote>\n\n