$4.5 trillion asset management firm Fidelity Investments is apparently set to employ another 100 individuals to bolster the firm’s growing digital assets division — a stark contrast towards the recent squeezing from crypto-talent.
A Fidelity representative told Bloomberg on March. 22 the firm has started a brand new round of hiring, that will bring the Fidelity Digital Asset’s headcount close to 500 through the finish from the first quarter of 2023.
Searching on Fidelity’s job board presently shows 74 live recent results for digital asset-related positions, that go over areas associated with blockchain technology, business analysis, customer support, finance and accounting, product and company services, including compliance.
Many of the current listings are located in the U . s . States — using the majority originating from its Boston headquarters, New You are able to, Texas, Colorado and Utah.
The spokesperson told Bloomberg the new roles could be situated through the U . s . States, Uk and Ireland.
Fidelity’s hiring spree may come as BlockFi, Coinbase, Gemini and Crypto.com were among a few of the largest crypto-native firms to laid off a spree of employees, getting cut 20%, 18% and 10%, correspondingly.
The big layoffs have the symptoms of opened up a brand new way to obtain crypto talent for traditional firms like Fidelity to defend myself against board.
Related: Fidelity’s crypto ambitions are larger than expected: report
Digital asset team expansion ought to be of little surprise given how gung-ho Fidelity continues to be to offer more comprehensive digital asset-related services among growing investor interest.
A Fidelity spokesperson lately confirmed to Cointelegraph they’re offering Ether (ETH) child custody and buying and selling services to the institutional clients from March. 28, 2022.
In September, industry participants hinted the firm may soon “shift” into offering Bitcoin (BTC) buying and selling services to the 34 million retail customers.
The firm didn’t read the speculation at that time, only noting that “expanding our choices to allow broader use of digital assets remains a place of focus.”
The firm has launched something that allows its 401(k) retirement saving customers to take a position straight into Bitcoin.
Cointelegraph arrived at to Fidelity regarding the firm’s expansion plans but didn’t get an immediate response.
