Fidelity International Cautious and Curious on Crypto, Expects Asset Class to Mature

“We’re not pounding the table telling everyone to buy bitcoin,” Fidelity International’s Christian Staub told Financial News Wednesday


Prath/Shutterstock modified by Blockworks


Fidelity has waded into crypto before. Fidelity Canada launched a Canadian Bitcoin spot ETF in December 2021 and Fidelity International premiered a physical Bitcoin ETP for European institutions in February 2022. 

But one of Fidelity International’s top executives told Financial News Wednesday that they are being careful about dropping any new crypto offerings and will “tread with caution.”

“We’re not pounding the table telling everyone to buy bitcoin. But if larger clients want access, we can now provide it,” said Christian Staub, Fidelity International’s managing director for Europe.

Staub continued, “We expect this asset class to become more sophisticated, but due to their nascent nature, digital assets are still lightly regulated. Over time, regulatory coherence should act as an enabler of digital asset adoption.”

Staub also mentioned how volatile crypto assets can still be. That is certainly true, as crypto’s total market cap neared $3 trillion early November 2021, the height of the bull run. Now, with bitcoin (BTC) and ether’s (ETH) respective values cut more than in half since November 2021, the sector’s market cap sits at $1.13 trillion as of Wednesday. 

Fidelity Investments, a separate entity from Fidelity International since 1980, has somewhat embraced crypto as a legitimate asset for both their retail and institutional customers to hold. 

Blockworks reported in April 2022 that Fidelity will allow the 23,000 employers it works with to offer a digital assets account in their 401k investment lineup. It allowed employees to invest in bitcoin through their job, and it was made available in the fall of 2022.

Fidelity also launched a crypto trading product for retail investors, letting them buy and sell bitcoin and ether without commission fees. 

Even virtual worlds are intriguing to Fidelity. The company, which had $10.3 trillion in assets under management in 2022 according to its annual report, filed trademark applications in December 2022 that hinted at plans to service customers in a crypto-powered metaverse.

Updated May 17, 2023 at 3:20 pm ET: Added distinctions between Fidelity Canada, Fidelity International and Fidelity Investments.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png


Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.



Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space


Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?


Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month


It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet


Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend


Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million