Building a Digital Assets Platform for Institutional & Retail Investors (w/ Raoul Pal & Tom Jessop)

TL;DR

Fidelity Digital Assets President, Tom Jessop, discusses his journey into crypto and the work Fidelity is doing to bring institutional investors into the space.

Transcript

tom good to get you on real vision on the kind of launch of the of the crypto channel i really wanted to get you here because i think a your journey into crypto is really interesting and then what you guys are doing at fidelity i think is super fascinating and it's giving us it's allowing us to peer into the future so tell us a bit about yourself a... Read More

Key Insights

• 🏛️ Fidelity Digital Assets is focused on making the crypto asset class more accessible to institutional investors.
• 🥺 The regulatory landscape is changing, allowing banks to offer custody services for digital assets, which could lead to increased institutional adoption.
• 📼 Fidelity is exploring various avenues, including investment products and partnerships, to provide clients with exposure to digital assets.
• ⌛ The industry is still in the early stages, and it will take time before the full potential of blockchain technology and digital assets is realized.

Questions & Answers

Q: How did Tom Jessop become involved in the crypto space?

Jessop initially became interested in digital assets through an article about Bitcoin shared by a colleague. He saw the potential of hard digital money paired with blockchain technology and became intrigued.

Q: What prompted Fidelity to get involved in crypto?

Fidelity has a long history of innovation and saw the potential in blockchain technology. CEO Abby Johnson saw the opportunity for frictionless capital markets and invested in various blockchain projects, leading to the creation of Fidelity Digital Assets.

Q: What services does Fidelity Digital Assets offer to institutional clients?

Fidelity Digital Assets primarily focuses on providing custody and market access services to institutional clients. They offer a strong custody solution to ensure the safety of digital assets and aggregate liquidity to provide a best price experience for clients.

Q: How does Tom Jessop see the future of the crypto industry?

Jessop believes that both public and private blockchains can coexist and sees potential for blockchain technology to be used in production within the banking sector. He also believes that Bitcoin will continue to be seen as digital gold and expects traditional institutions to gradually adopt crypto assets.

Summary & Key Takeaways

• Tom Jessop joined Fidelity two and a half years ago and was asked to get involved with digital assets. He now exclusively runs Fidelity Digital Assets.

• Jessop's initial interest in digital assets stemmed from the potential of blockchain technology to revolutionize finance on Wall Street.

• Fidelity Digital Assets is focused on providing institutional investors with a safe and familiar way to access the crypto asset class.