Tom jessop – DIGIT INFO

Fidelity Investments Engages With Regulators to Bring Crypto Assets Mainstream

DIGIT — Sun, 08 Aug 2021 02:30:10 +0000

The president of Fidelity Digital Assets, the crypto arm of Fidelity Investments, says that crypto is “its own unique asset class.” He revealed, “We and others are very engaged with regulators … to bring this asset class into the mainstream.” Fidelity Sees Long-Term Interest in Crypto Assets Among Institutional Investors Fidelity Digital Assets President Tom […]

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Goldman Sachs Survey Shows Family Offices Are Flocking to Crypto Investments

DIGIT — Thu, 22 Jul 2021 19:30:19 +0000

High net-worth families are turning to cryptocurrency investments, according to a recent Goldman Sachs survey that found close to half of the company’s family office clients are inquisitive about crypto-asset investments. A Goldman Sachs executive further said that a large portion of the company’s family office clients are asking about blockchain and cryptocurrency technologies. Following […]

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Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’

DIGIT — Tue, 13 Jul 2021 05:30:15 +0000

According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for ethereum. Crypto Demand Pushes Fidelity […]

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Fidelity Says Bitcoin Adoption Will Keep Accelerating — ‘We’ve Reached a Tipping Point’

DIGIT — Thu, 08 Apr 2021 23:30:40 +0000

Fidelity’s head of digital assets says that bitcoin adoption will continue “at an accelerated pace,” noting that “we’ve reached a tipping point.” He explained that investors are increasingly drawn to bitcoin “Particularly, in an environment where we’ve seen unprecedented monetary and fiscal stimulus from central banks and governments in response to the pandemic.” The Tipping […]

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Fidelity Optimistic About Bitcoin Regulation Under Biden Administration — Sees Strong Institutional Demand

DIGIT — Sat, 30 Jan 2021 23:15:51 +0000

Fidelity Digital Assets President Tom Jessop has shared his view on the future of bitcoin and cryptocurrency regulation under the Biden administration. He confirms that Fidelity is seeing strong demand for bitcoin from institutional buyers. Fidelity Digital Assets’ Head Optimistic About the Future of Bitcoin Jessop explained what he expects in terms of cryptocurrency regulation […]

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‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes

DIGIT — Wed, 09 Dec 2020 02:00:59 +0000

The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains too volatile,” and he believes the supply cap of 21 million will someday “severely hinder its future […]

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Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head

DIGIT — Sat, 05 Dec 2020 01:15:51 +0000

Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status. “We use the word ‘potential store of value’ as bitcoin is still extremely volatile, and by any standard […]

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US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’

DIGIT — Fri, 12 Jun 2020 19:30:56 +0000

On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher Giancarlo, and members from the Electronic Transactions Association. The Covid-19 outbreak and following panic, […]

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Fidelity’s Cryptocurrency Arm Starts Offering Institutional Investor Services

DIGIT — Sat, 09 Mar 2019 13:20:22 +0000

Fidelity Investments’ new cryptocurrency arm is now up and running. The unit, Fidelity Digital Assets, began operations earlier this quarter but didn’t make any noise about it. It has already started offering trade execution and crypto custody services to institutional investors such as hedge funds and private wealth management firms. Also read: UN Panel: North […]

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