Fidelity to Launch Crypto Analytics Network Sherlock

by in Cryptocurrency News

Fidelity analytics platform

Boston-based international financial operations provider Fidelity will launch a digital asset analytics network Sherlock for asset managers and investors.

Related: Coinbase adds the option of buying crypto with PayPal

The network will offer entry to statistics provided by large data researchers. It will enable users to be aware of the market, enabling them to get information on the engineering environments, network and social media motion, purchases, news and more.

Besides, Sherlock will enable customers to create a data model and see backtesting results.

VP of product management at the Fidelity Center for Applied Technology, Kevin Vora mentioned the growing demand for cryptocurrencies and the need for an inclusive and convenient data solution.

Fidelity has been interested in blockchain and cryptocurrencies before. Last month the company filed an application with the SEC to launch Bitcoin ETF. Fidelity Digital Assets president Tom Jessop said recently that the institutional adoption of Bitcoin will go mainstream in the coming years.

Among other major analytics, networks are Messari, Glassnode, and Skew. The latter was acquired by Coinbase.