News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Fintech

The Fintech Files: Fidelity’s 1,800% digital assets boom, and how crypto is rewriting UK law

Fintech Files rounds up what's going on in fintech and crypto this week

Fintech startups are following Fidelity’s bitcoin pension plan lead, with several offering crypto access to consumers through individual retirement accounts
Fintech startups are following Fidelity’s bitcoin pension plan lead, with several offering crypto access to consumers through individual retirement accounts Photo: Getty Images

Fidelity caused a stir when it became the first major retirement-plan company to say it would include bitcoin in customers’ 401(k) accounts, drawing criticism from politicians in the US.

Now, on this side of the pond, the investment manager has seen a massive 1,804% spike in revenue in its fledgling digital assets business, as more institutional investors flocked towards crypto.

WSJ Logo