Institutional investors will have their own crypto analysis platform. It will be created by Fidelity Investments.
Fidelity Investments announced the creation of a new crypto analytics platform primarily focused on the interests of institutional investors . This is Sherlock , who will provide technical information for those who wish to incorporate digital assets into their corporate business strategies.
The new tool was born from the growing demand that the market has been experiencing for months . The institutional big rollovers have been the main bullish factor BTC, which ended last year with an annual growth of 300% and so far this has more than 80%.
Fidelity , which has a capital of more than 10 trillion dollars in assets under management, will offer institutional investors an easy-to-use and accessible service of financial data , analysis and tools . Users will be able to place their data on the platform and access news, market growth data, trends in social networks or other data that facilitate their investment.
“It has been exciting to see the tremendous growth in the digital asset data space over the past few years, and while the market is maturing rapidly, we have heard from institutional investors that there is still a need for a comprehensive and accessible data solution, ” he said. Kevin Boa , Vice President of Product Management at Fidelity Center for Applied Technology (FCAT).
The businessman explained that the company looked to Sherlock for a way to provide “robust and insightful data combined with highly intuitive tools to help clients make investment decisions in digital assets . “