Fidelity Targets Institutional Investors with Digital Assets Analytics Solution

Fidelity’s Sherlock isn’t the only platform in this category on the market. Former CoinDesk managing director Ryan Selkis launched institutional-investor geared Messari in 2018.

article-image

Source: Shutterstock

share

key takeaways

  • Sherlock brings together a plethora of siloed data sources such as analytics on ecosystem data, blockchain data, market data, sentiment analysis of social media, and news into one platform
  • Data quality on current retail data repositories like CoinMarketCap is known to be an issue

Fidelity announced today that it has launched Sherlock, a digital assets analytics solution geared towards fund managers and other institutional investors.

“It’s been exciting to see the tremendous growth in the digital assets data space over the past few years, and while the market is maturing rapidly, we’ve heard from institutional investors that there’s still a need for a comprehensive and accessible data solution,” said Kevin Vora a VP of Product Management at the Fidelity Center for Applied Technology (FCAT), its development house. 

Similar to a Bloomberg terminal, Sherlock brings together a plethora of siloed data sources such as analytics on ecosystem data, blockchain data, market data, sentiment analysis of social media, and news into one platform.

“As a quantitative asset manager, we require rich data for making trading decisions, and Sherlock goes above and beyond in delivering that,” said Junaid Ghauri, CIO and co-founder, Pareto Technologies. “We’ve found the development data provided by Sherlock to be among the core differentiators from comparable platforms.”

Fidelity’s Sherlock isn’t the only platform in this category on the market. Former CoinDesk managing director Ryan Selkis launched institutional-investor geared Messari in 2018. 

Data quality on current retail data repositories like CoinMarketCap is known to be an issue, which is why institutional investors likely are steering clear and prefer tools like Messari or Sherlock. In March 2019, CoinMarketCap admitted that concerns over the quality of the data on its platform are “valid” and when Binance purchased the site in 2020 there were promises to address this. 

A mid-2019 report from CoinDesk showed that there are a number of firms openly advertising that they will manipulate trading data for certain digital assets enhancing their placement on CoinMarketCap.  

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

recent research

Unlocked Advisory-min.png

Research

This report distills Blockworks Advisory’s research on incentive programs and their analysis, offering a foundation for designing future initiatives and advancing industry-wide standards. By highlighting key lessons and methodologies, we aim to empower protocols to make informed, data-driven decisions.

article-image

Data came in a bit mixed, but is overall consistent with the 13-week moving average

article-image

Austin Federa had been at Solana Labs and Foundation for nearly four years

article-image

There’s a lot of confusion as to why the Fed might still be cutting rates despite what looks to be an economy doing pretty well

article-image

More momentum could drive BTC past the six-figure price mark — albeit not without volatility

article-image

The HAWK token crashed 87% around 30 minutes after launching

article-image

The company did about 2.5 times the amount of crypto-backed collateral financing in November compared to the rest of 2024, exec says