- According to Manuel Nordeste, defined benefit plans are talking about crypto assets.
- Nordeste thinks small-scale but sophisticated investors are more likely to buy into crypto.
- Fidelity’s survey showed that 80% of high-net-worth individuals viewed digital assets positively.
According to Manuel Nordeste, vice president at Fidelity Digital Assets, defined benefit plans and other pension funds have started talking to their investment committees about crypto assets. Nordeste made the statement during an event in London. In his opinion, small-scale but sophisticated investors like family offices and high-net-worth individuals are more likely to buy into crypto.
Meanwhile, the investment expert noted that his company, Fidelity Digital Assets, is starting to have conversations with larger, real-money institutional investor types, compared to the smaller-scale investors they focused on in their early days. He explained that in the past, Fidelity worked with small specialized asset managers, hedge funds, and the big blue-chip hedge funds.
However, Nordeste highlighted that Fidelity is getting some of the high-end clients and other corporate establishments. Citin…
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