according to Nasdaq's public information, CAN has seven new investment institutions, which are fidelity investment, Jing Shun holding, CSAT, Toroso, renaissance technology, wells Fargo and Morgan Stanley, with a total of 3,169,690 shares, among which fidelity investment, a wall street giant, has the highest proportion. As of March 31st, 2020, Fidelity holds 2,338,558 shares, accounting for 73.78% of the newly added investment institutions. The encryption ecological map of Fidelity Investment is further expanded. Fidelity Investment holds a large number of shares of Jianan Technology, which further expands the encryption ecological map of Fidelity Investment. As an established traditional financial institution, Fidelity Investment first set up a small-scale experimental venture capital fund in 2017 to try to invest in cryptocurrencies and digital assets.
In 2018, Fidelity began to accelerate the pace of encryption. Abigail Johnson, CEO of Fidelity Investment, said at the 2018 Boston Financial Technology Summit: Fidelity is developing blockchain and encrypted digital cash products and services, some of which have been completed, but some have been shelved due to the timing problem. The goal is to launch such products by the end of 2018.
On October 15, 2018, Fidelity Investment officially announced the establishment of a new company called Fidelity Digital Asset Services, which provides enterprise-level custody and transaction execution services for digital assets for institutional investors such as hedge funds, but not for retail investors.
On December 4, 2018, ErisX, a cryptocurrency exchange, announced that it had received financing of US$ 27.5 million, including Fidelity Investment and Nasdaq's venture capital projects.
In 2019, Fidelity Investment began to accelerate the ecological layout of encryption field. In addition to focusing on encrypted asset custody, Fidelity Investment also started to invest in blockchain technology companies. In September, 2019, Avon Ventures, a newly established fund under Fidelity Investment, focused on "business within encryption and blockchain system", rather than the encrypted assets themselves.
At the same time, Fidelity Investment began to enter the field of encryption mining in 2019. Blockstream, a blockchain technology company, announced the establishment of Blockstream mine and mine pool on August 8, and cooperated with Fidelity Applied Technology Center (FCAT), a new technology research team of Fidelity Investment.
Fidelity Investment added a large number of shares of Jianan Technology, a digital mining machine manufacturer, in the first quarter of this year, further expanding the encryption ecological map.