Fidelity Investments joins the Initiative for CryptoCurrencies & Contracts

posted 20 days ago
Fidelity Investments Inc has become the first financial institution to join the Initiative for CryptoCurrencies & Contracts, a group of academic institutions and technology companies looking to develop blockchain-based technology.

Fidelity Labs, the innovation arm of asset manager Fidelity, will be a member of IC3 along with Cornell University, University of California at Berkeley, University of Illinois at Urbana–Champaign, the Technion, IBM Corp and Intel Corp, the company said in a statement.

The Boston-based fund manager will collaborate with the group to develop blockchain programs to help make financial systems more efficient and secure.
Tags: news, blockchain