Fidelity Digital Assets to Hire More Employees to Meet Crypto Demand From Institutions

The crypto-focused division of investment giant Fidelity Investments has announced it has plans to attract additional specialists to expand its product line, as stated by its president Tom Jessop.

He has said that by the end of the year the company will hire an additional 110 blockchain specialists and 100 client managers.

Fidelity Investments launched in November 2019 an institutional-focused crypto-custodial unit focused on Bitcoin. However, it plans to add support for Ethereum in the future.

According to the company, its team will move the platform’s data and applications to the cloud for faster transactions and 24-hour trading.

At the moment, Fidelity Digital Assets offers its services to almost 400 clients.