Scanning, Trying and Scaling: Fidelity’s Journey in Digital Assets
summary
Started by listing 52 use cases and running internal experiments including employee pilots and a $200,000 mining test to learn the stack and custody risks. Discovers one near‑term winner and builds Fidelity Digital Assets for custody, uses mining experience to inform security, and creates a technical solution to offer bitcoin inside retirement plans via a 401(k) unitized stock for bitcoin. Reports steady demand, regulatory frictions, slow scaling, and pragmatic focus on customer experience.
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chapters (13)
- 0:00Introduction to Crypto
- 1:21Fidelity's Early Interest
- 3:40Exploring Use Cases
- 5:45Building an Ecosystem
- 7:48Navigating Bear Markets
- 11:14The Custody Business
- 13:40Innovation and Leadership
- 17:34Future of Securities
- 19:31The Mining Journey
- 22:28Bitcoin in 401k Plans
- 26:19Bridging Old and New
- 29:07Regulatory Challenges
- 31:31Looking Ahead
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