Fidelity partners Coinbase for digital asset tracking trial

Source: Fidelity

As digital assets continue to proliferate, they are becoming much more widely accepted. Should a person’s digital asset holdings be a part of their overall financial picture?

In an effort to find out, Fidelity Labs, the R&D and innovation unit of Fidelity Investments, today launched an experiment with digital assets, accessible by the majority of Fidelity customer households across the country with Coinbase® wallet accounts.

For this test, Fidelity Labs partnered with Coinbase, a well-known digital wallet and digital asset exchange platform. Individual customers can now authorize Coinbase to provide Fidelity with data on holdings in their Coinbase wallet accounts so that customers can view their Bitcoin, Ethereum and Litecoin balances alongside other accounts in their Fidelity Portfolio Summary View on Fidelity.com.

“Bitcoin and other blockchain technologies are emerging from their infancy but mass adoption is still many years away. And don’t underestimate their disruptive nature. Just as many other technologies have done in the past, Bitcoin and blockchain will transform how we manage our finances,” said Hadley Stern, Senior Vice President and Managing Director at Fidelity Labs. 

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This content is contributed or sourced from third parties but has been subject to Finextra editorial review.

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