
Apart from Fidelity, another investment management company Blackrock also lowered its estimates for Ant in 2022.
Fidelity International offers world class investment solutions and retirement expertise to institutions, individuals and their advisors.
Fidelity International, formerly Fidelity Worldwide Investment, is a company that provides investment management services including mutual funds, pension management and fund platforms to private and institutional investors. Fidelity International was originally established in 1969 under the name Fidelity International Limited (FIL) as the international investment subsidiary of Fidelity Management & Research in Boston before being spun out as an independent business in 1980. Since then, it has continued to operate as a private company owned by some of its employees.
Apart from Fidelity, another investment management company Blackrock also lowered its estimates for Ant in 2022.
The financial details of the deal remain undisclosed but come off as the first acquisition Fidelity Investments has made in about 7 years.
Investing in the digital currency ecosystem has been considered a major gamble by most multinationals.