Fidelity offers institutional investors a new crypto analytics solution

By: Jinia Shawdagor
Jinia Shawdagor
Jinia is a cryptocurrency and blockchain enthusiast based in Sweden. She loves everything positive, travelling, and extracting joy and… read more.
on Apr 30, 2021
  • Sherlock is set to compete against existing analytics platforms from firms, such as Messari.
  • Despite being new, Sherlock has already won over supporters, including Blockchain Capital LLC.
  • Per FCAT’s Kevin Vora, Fidelity launched Sherlock to address increasing demand from investors.

Fidelity Investments, a Boston-based multinational financial services corporation, has rolled out a digital asset analytics solution “Sherlock” for its institutional investors. Reportedly, Sherlock blends comprehensive data coverage with intuitive analytics. It will help investors navigate digital assets seamlessly.

According to the news release, the solution will offer quick access to fundamental and technical data about development ecosystems, network activity, trading, social media activity, news, and other research on digital assets for renowned institutional data providers. Through the solution’s intuitive design and tools, institutional investors and asset managers can conduct thorough research, discover insights and keep an eye on market developments to make informed investment decisions.

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Explaining why the company decided to launch Sherlock, the Vice Chairman of Product Management at Fidelity Centre for Applied Technology (FCAT), Kevin Vora, said, Fidelity Investments has witnessed massive growth in the crypto space over the past few years. He added that while the crypto market is rapidly expanding, institutional investors still demand a comprehensive and accessible data solution. As such, Fidelity Investments responded to these demands by launching Sherlock as a platform that features robust datasets and intuitive tools.

Competing against the best

By launching Sherlock, Fidelity Investments, which has more than £7.18 trillion in assets under management (AUM), will compete against firms like Messari and Delphi Digital, Dune Analytics, and Coin Metrics, among others. However, despite being a new player in the crypto research and analytics sector, Sherlock seems to have already made a name for itself.

Touting the platform, Kinjal Shah, a senior associate at Blockchain Capital LLC, institutional investors find it challenging to piece together information from a plethora of resources when researching crypto. However, she claims that this is now a thing of the past, seeing as Sherlock lets investors research effectively by offering them access to holistic, timely data, which is key in the fast-moving crypto market.

Junaid Ghauri, the co-founder, and CIO of Pareto Technologies, echoed Shah’s sentiments, saying Sherlock delivers exceptional results by offering quantitative asset managers rich data, which is key in making trading decisions. Ghauri added that the development data that Sherlock provides sets it apart from the herd.

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