BOSTON, MA — 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 research and development (R&D) and innovation unit of Fidelity Investments, 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 views on their Fidelity.com portals.
“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.