Futurum Analyst in Residence Jared Klee analyzes Fidelity’s announcement of its Digital Assets Account offering. Fidelity’s DAA is an industry-first offering for bitcoin in 401(k)s and Klee considers the impact 401(k) retirement savers who can invest in bitcoin will have on the market, how this is similar to the massive impact the first gold ETFs had on gold investing, and what this means for Fidelity’s competitive positioning.
USDC Stablecoin Issuer Circle Raises $400 Million from BlackRock and Fidelity
Futurum Analyst in Residence Jared Klee analyzes the $400 million raise by USDC stablecoin issuer Circle from BlackRock and Fidelity. He explores why the investors are strategic partners for Circle, what this means for bringing retail investors to crypto, and how Circle may transform traditional capital markets.