- Fidelity’s job board presently has 74 active results for digital asset-related opportunities.
- Massive layoffs seem to have freed up a pool of qualified crypto experts.
In sharp contrast to the recent exodus of crypto-talent, the $4.5 trillion asset management business Fidelity Investments is allegedly planning to add another 100 individuals to support the firm’s developing digital assets division.
According to Bloomberg, a Fidelity spokesman said on October 22 that the company has initiated a fresh round of recruiting that will increase the number of employees working on the Fidelity Digital Asset to roughly 500 by the end of the first quarter of 2023.
Pool of Qualified Crypto Talent
Fidelity’s job board presently has 74 active results for digital asset-related opportunities, including those in blockchain technology, business analysis, customer support, finance and accounting, product development, and corporate services.
Nearly all active listings are located inside the United States, namely in New York, Texas, Colorado, and Utah, as well as the company’s headquarters in Boston. According to Bloomberg, the new positions will be located all throughout the United States, the United Kingdom, and Ireland.
While Fidelity is on a recruiting binge, several of the top crypto-native enterprises, including BlockFi, Coinbase, Gemini, and Crypto.com, have recently announced massive layoffs of staff.. Massive layoffs seem to have freed up a pool of qualified crypto experts who may now be recruited by more conventional companies like Fidelity.
Given Fidelity’s enthusiasm for providing more comprehensive services relating to digital assets in response to rising investor demand, the growth of the digital asset team should come as no surprise. The company would begin providing Ether custody and trading services to its institutional customers as of October 28, 2022.
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