The American multinational financial services corporation based in Boston, Massachusetts, Fidelity Investments has announced the introduction of a new comprehensive data and deep analytics solution for digital assets. The new product is called Sherlock and itâ€™s meant for institutional clients so they can streamline â€œfundamental and technical dataâ€ tied to cryptocurrencies.
Fidelity Investments Introduces Crypto Analytics and Tools Platform Called Sherlock
The data and analytics space tethered to the cryptocurrency world is exceptionally hot right now, as firms like Skew, Glassnode, Messari, Dune Analytics, Cryptoquant, and others have been turning heads. This past weekend, Bitcoin.com News reported on the Skew acquisition, as the analytics firm joined the Coinbase family of businesses. Skewâ€™s data will be leveraged for Coinbase Prime customers, the San Francisco exchangeâ€™s institutional clients.
On Monday, Fidelity Investments introduced a crypto platform for its institutional clients called â€œSherlock.â€ The new product offers â€œcomprehensive data and deep analytics on digital assets in one central location to help inform investment decisions,â€ Fidelityâ€™s announcement says. The Sherlock web portal says interested users can request a demo and states:
Sherlock Developed by Fidelity Center for Applied Technology
Fidelity details that Sherlock users can obtain â€œin-depth asset analysis, discover insights and monitor market developmentsâ€ so they can make the best decisions when it comes to crypto-asset investments.
â€œUsers can also explore the data off-platform for modeling and back-testing,â€ Fidelityâ€™s announcement explains. Furthermore, Sherlock was developed in FCAT (Fidelity Center for Applied Technology), a blockchain solution center and distributed ledger incubator team that handles blockchain analytics, proofs of concepts, and use cases.
â€œWhile the market is maturing rapidly, weâ€™ve heard from institutional investors that thereâ€™s still a need for a comprehensive and accessible data solution,â€ said Kevin Vora, vice president of product management at FCAT. â€œThatâ€™s what weâ€™re introducing with Sherlock â€“ robust and insightful datasets paired with highly intuitive tools to help clients make data-driven digital asset investment decisions,â€ the executive added.
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