The major asset management company is ramping up in cryptocurrency assets.

Fidelity Investments (FIS), one of the world's leading asset management firms, is preparing to launch its own stable cryptocurrency to expand its activities in the crypto asset space. Managing approximately $5 trillion in assets, this move signals a rapid integration of traditional financial institutions into the crypto ecosystem. According to the Financial Times, the stable cryptocurrency being developed by Fidelity will be designed to function similarly to cash in crypto markets, aiming to facilitate access for both individual and institutional investors.

Fidelity's initiative comes at a time when the regulatory framework for crypto assets in the U.S. is beginning to take shape. Under President Donald Trump's administration, policies supporting the proliferation of "legal and legitimate" dollar-backed stablecoins are being developed, with regulations expected to be in place by August 2025. The entry of major financial institutions like Fidelity into the stablecoin market, currently valued at $234 billion and dominated by Tether, suggests a shift in market dynamics and a blurring of boundaries between traditional finance and the crypto asset market.