Fidelity Digital Assets, the cryptocurrency arm of the asset management giant, Fidelity, has initiated a massive recruitment drive to hire more than 20 engineers for the development of its cryptocurrency trading and custody services.
The company is seeking to hire engineers with experience in diverse fields, including site reliability engineers with expertise in AWS, software engineers with experience in modern Java-based microservices or the latest Angular based UIs, and data engineers that have designed cloud-based data services.
“We’re looking to bring on passionate and innovative developers who enjoy collaborating in a rapidly changing environment. Our ideal candidates bring real-world experience building modern, secure, highly available services in the cloud,” Fidelity Digital Asset CTO, Peter Farland stated in the press release.
Fidelity directly entered the cryptocurrency market in late 2018, offering digital currency custody and trade execution services to hedge funds and other institutional investors. The company also heavily invested in cryptocurrency mining operations.
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The addition of the new engineers will further strengthen the existing digital asset team of Fidelity that has over 100 staff.
“We paired some of the best engineers in blockchain with experienced business, technology, and cybersecurity professionals from Fidelity to build an enterprise-grade custody and execution solution for institutional investors,” the announcement stated.
Growing Institutional Demand for Crypto Custody
Fidelity is expanding its crypto team when the demand for crypto custody is increasing from institutions. Big banks like JP Morgan are also looking for third-party crypto custody services.
“We utilize the latest advancements in blockchain technology and cryptography to create secure, interoperable, and scalable products that make it safe and simple for our clients to invest in bitcoin,” Farland added.