Fidelity Investments, an American multinational financial services company headquartered in Boston, Massachusetts, announced the launch of a new comprehensive data and in-depth analysis solution for digital assets. The new product, called Sherlock, is suitable for institutional customers, so they can simplify the “basic and technical data” tied to cryptocurrency.
Fidelity Investments launched a cryptographic analysis and tool platform called Sherlock
At present, like Skew, Glassnode, Messari, Dune Analytics, Cryptoquant and other companies, the field of data and analysis tied to the world of cryptocurrency is extremely hot. Last weekend, Bitcoin.com News reported on the acquisition of Skew as the analytics company joined the Coinbase business family. Skew’s data will be used by Coinbase Prime, an institutional client of the San Francisco Exchange.
On Monday, Fidelity Investments launched an encryption platform called “Sherlock” for its institutional clients. Fidelity’s announcement stated that the new product “provides comprehensive data and in-depth analysis of digital assets in a central location, which helps provide a basis for investment decisions.” The Sherlock Web portal stated that interested users can request a demonstration and declare :
Encryption is difficult to navigate-data should not be navigated-Sherlock provides you with the data and tools needed to identify investment opportunities and develop trading strategies.
Sherlock was developed by Fidelity Application Technology Center
Fidelity allows Sherlock users to obtain “in-depth asset analysis, discover insights and monitor market development” detailed information so that they can make the best decisions about crypto asset investments.
“Users can also browse data outside the platform for modeling and backtesting,” Fidelity’s announcement explained. In addition, Sherlock was developed in FCAT (Applied Technology Fidelity Center), a blockchain solution center and distributed ledger incubator team responsible for processing blockchain analysis, proof of concept and use cases.
Kevin Vora, vice president of product management at FCAT, said: “Despite the rapid maturity of the market, we have learned from institutional investors that we still need a comprehensive and accessible data solution.” The executive added: “This is who we are. The features introduced in Sherlock-powerful and insightful data sets and highly intuitive tools can help customers make data-based digital asset investment decisions.”
What do you think of Fidelity Investments’ release of data and research tools for institutional investors? Let us know your thoughts on this topic in the comments section below.
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