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HomeNewsOne of World's Largest Asset Managers ($2.46 trillion) Fidelity, Launches Bitcoin Service

One of World’s Largest Asset Managers ($2.46 trillion) Fidelity, Launches Bitcoin Service

Hedge fund giant Fidelity has finally launched its digital asset branch— Fidelity Digital Asset Services— which was first announced in October 2018.

The massive fund has been working on its technical and operational capabilities needed for securing, trading and supporting digital assets with the exacting oversight required by institutional investors.

A recent tweet from Fidelity shows that they are onboarding clients as of last week.

2019 looks to be the year of mainstream crypto adoption, looking at the many moves this year in the enterprise blockchain sector, particularly in supply-chain and loyalty programmes. In terms of fund-raising, real estate is very hot in the STO arena.

Walmart is forcing its entire supplier network on the blockchain by end of 2019 for its supply chain logistics. And they are in a consortium with Dole, Nestle, Kroger, Tyson, Unilever, Golden State Foods, McCormick & Co., Carrefour et al.

Loyalty Go-Ahead Group Plc, Go-Ahead, a FTSE 250-listed rail company that runs over a billion passenger journeys per year on their bus and rail services and a major public transport provider in the United Kingdom, is partnering with blockchain startup DOVU to launch a tokenized, blockchain-based rewards system for its customers.

Singapore Airlines launched KrisPay, which allows members to transfer their KrisFlyer points to partner merchants using a digital wallet that can be accessed in real-time.

American Express is also capitalizing on the transferability of blockchain to enable merchants to tie American Express reward points into their own products. Under that umbrella, online wholesaler Boxed is the first merchant to test the blockchain-based rewards.

Chanticleer Holdings, which owns burger restaurants like American Burger Co., BGR and a handful of Hooters restaurants, wants to empower customers to redeem Merit, its reward cryptocurrency, at any of their brands or trade them with friends.

Tokyo-based e-commerce giant Rakuten issued its own rewards coin convertible to cash. Hewlett Packard Enterprise is trying to figure out how to make tokens work for gas-station rewards. etc.

Bear market to bull market in 2019? It’s looking good.

Richard Kastelein
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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