Fidelity’s Digital Asset Chief Reveals Exciting Plans for New Crypto Products

Head of Fidelity’s Digital Asset Management, Cynthia Lo Bessette, hinted at new digital asset products like stablecoins and tokenized Treasury bonds.

Although Fidelity’s Bitcoin and Ethereum ETFs are seeing high demand, she’s cautious about expanding into altcoin ETFs.

In a recent discussion, Lo Bessette emphasized that Fidelity’s product development is driven by market demand and feasibility. She mentioned that predicting the next major ETP after Bitcoin and Ethereum is challenging.

Lo Bessette, who has been with Fidelity for five years and now leads its digital assets division, noted that the firm’s Wise Origin Bitcoin Fund is a top performer with $12 billion in assets, while the Fidelity Ethereum Fund has raised $259 million since July.

She expressed anticipation that Ethereum ETFs could eventually include staking options, a feature that has yet to be approved by the SEC but is a key part of Ethereum’s ecosystem.

Fidelity is also exploring innovations in trading methods and blockchain-based asset representation. Stablecoins are a primary focus due to their practical use cases, with potential future developments in tokenized bonds and credit products also under consideration.

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