The American multinational financial services company Fidelity Investments, headquartered in Boston, Massachusetts, has announced the introduction of a new comprehensive data and in-depth analysis solution for digital assets. The new product is called Sherlock and is intended for institutional customers so that they can optimize “basic and technical data” that are linked to cryptocurrencies.
Fidelity Investments introduces the Crypto Analytics and Tools platform called Sherlock
The data and analytics sector tied to the world of cryptocurrency is extraordinarily hot right now as companies like Skew, Glassnode, Messari, Dune Analytics, Cryptoquant and others have caused a sensation. Last weekend, Bitcoin.com News reported on the acquisition of Skew when the analytics firm joined the Coinbase family of companies. Skew’s data is used for Coinbase Prime customers, the institutional customers of the San Francisco Exchange.
On Monday, Fidelity Investments introduced a crypto platform for its institutional clients that “Sherlock. “The new product provides” comprehensive data and analysis of digital assets in one central location to support investment decisions, “said Fidelity announcement says. The Sherlock web portal says interested users can request a demo and states:
Crypto is difficult enough to navigate – the data shouldn’t be – Sherlock gives you the data and tools you need to identify investment opportunities and create trading strategies.
Sherlock Developed by the Fidelity Center for Applied Technology
Fidelity details that enable Sherlock users to “get in-depth asset analysis, gain insight and monitor market developments” to help them make the best decisions when it comes to investing in crypto assets.
“Users can also explore the data outside of the modeling and backtesting platform,” explains Fidelity’s announcement. Additionally, Sherlock has been developed into FCAT (Fidelity Center for Applied Technology), a blockchain solutions center and distributed ledger incubator team that manages blockchain analytics, proofs of concepts, and use cases.
“As the market matures rapidly, we’ve heard from institutional investors that a comprehensive and accessible data solution is still required,” said Kevin Vora, vice president of product management at FCAT. “That’s exactly what we’re introducing with Sherlock – robust and insightful data sets paired with extremely intuitive tools that customers can use to make data-driven investment decisions for digital assets,” added the managing director.
What do you think of Fidelity Investments, which publishes a data and research tool for institutional investors? Let us know what you think on this matter in the comments section below.
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