Fidelity launches institutional cryptocurrency analytics platform Sherlock

Fidelity launches institutional cryptocurrency analytics platform Sherlock


Asset management giant Fidelity is delving deeper into the digital asset space with the announcement of an analytics platform called Sherlock.

In an announcement on April 29, Fidelity Investments — which has $10 trillion assets under management — unveiled a digital assets data and analytics solution to assist institutional investors and fund managers.

The platform, dubbed Sherlock, will be similar to Bloomberg’s Terminal and will collate data on fundamental and technical analysis, blockchain data, market data, social sentiment analysis, and industry news into one portal.

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It will include research on crypto assets from some of the leading institutional data providers, in addition to unique analytics to help investors evaluate the market, according to the announcement.

The new platform will compete against existing solutions from companies such as Messari which was launched in 2018 to provide institutional-grade analytics. Research firm Delphi Digital, which announced a partnership with gaming venture firm Bitkraft on Thursday, is another provider of in-depth research and analytics for institutional clients.

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