Fidelity Digital Assets Adopts EY’s Blockchain Analytics Tool for Enhanced Internal Risk Management

Fidelity Digital Assets, the digital asset arm of Fidelity Investments, has recently announced the adoption of EY’s blockchain analytics tool. This collaboration aims to strengthen Fidelity’s internal risk management protocols and ensure a secure and transparent trading environment. EY’s tool, known as EY Blockchain Analyzer: Reconciler, provides organizations with the ability to independently query on-chain data, offering valuable insights for risk assessment.

EY Blockchain Analyzer: Reconciler

EY’s advanced tool, EY Blockchain Analyzer: Reconciler, is made available to organizations through its Software as a Service platform. This web-based interface facilitates the querying of cryptocurrency data-related workflows effortlessly. Developed over six years and involving a multimillion-dollar investment, the tool offers numerous features and capabilities for comprehensive risk management within the cryptocurrency space.

Enhancing Internal Risk Management

Addressing robust internal risk management protocols is vital for any cryptocurrency platform, and EY’s blockchain analytics tool fills this need. By providing the ability to independently query on-chain data, organizations can better identify potential risks and take proactive measures to mitigate them. This tool empowers Fidelity to strengthen its risk management processes, ensuring the safety and security of its digital asset operations.

Fidelity’s Use of the Tool

Fidelity Digital Assets has enthusiastically embraced EY’s blockchain analytic tool to bolster the efficacy of its internal risk management. By leveraging the tool’s features and capabilities, Fidelity will enhance its ability to analyze transaction data, identify transaction mismatches, monitor wallet address balances, and verify digital signatures. These analytical dashboards will enable it to gain deeper insights into its operations, detect irregularities promptly, and maintain a transparent trading environment for its clients.

Features of the Tool

The EY Blockchain Analyzer: Reconciler tool offers a user-friendly interface that simplifies the process of querying cryptocurrency data-related workflows. Fidelity can now access analytical dashboards that provide real-time insights into transaction mismatches, wallet address balances, and digital signatures. These functionalities empower Fidelity’s risk management team to identify and address potential issues promptly, boosting their operational excellence.

EY’s Investment and Supported Blockchains

The development of the EY Blockchain Analyzer: Reconciler involved a significant six-year, multimillion-dollar investment from EY. This commitment reflects the company’s dedication to creating state-of-the-art tools for the cryptocurrency domain. Currently, EY’s tool supports blockchains such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, and Dogecoin, providing comprehensive coverage for Fidelity’s digital asset operations.

Future Expansion

EY’s commitment to meeting evolving client needs is evident through its plans to expand support for additional chains based on client demand. This flexibility ensures that Fidelity Digital Assets can adapt to the dynamic nature of the cryptocurrency landscape and stay ahead in terms of risk management and operational excellence.

Fidelity Digital Assets’ adoption of EY’s blockchain analytics tool marks a significant step forward in improving internal risk management within the cryptocurrency industry. By leveraging EY’s advanced tool, Fidelity enhances its ability to independently query on-chain data, providing valuable insights to strengthen its risk management protocols. With features like analytical dashboards and real-time monitoring, Fidelity can proactively identify risks, maintain a secure and transparent trading environment, and ensure the utmost safeguarding of its clients’ assets. As EY continues to expand the tool’s capabilities and support, Fidelity and other industry participants can look forward to further strengthening their risk management practices in the fast-evolving cryptocurrency landscape.

Explore more

How Is AI Revolutionizing Email Marketing Strategies?

Setting the Stage for Digital Communication Evolution In today’s hyper-connected digital landscape, businesses send billions of emails daily, yet only a fraction capture attention amid overflowing inboxes, pushing marketers to seek innovative solutions. Artificial Intelligence (AI) has emerged as a game-changer in transforming email marketing from a generic broadcast tool into a precision-driven strategy. With the ability to analyze vast

How Is Embedded Finance Transforming UK Brand Experiences?

Imagine a world where purchasing a new gadget at a retail store instantly offers tailored financing options right at checkout, or where booking a vacation seamlessly includes travel insurance within the same app. This is the reality shaped by embedded finance, a transformative technology integrating financial services into non-financial platforms. As digital ecosystems continue to dominate consumer interactions in 2025,

Paid Content Marketing Triumphs in the AI Era over Earned Media

In the rapidly changing arena of digital marketing, a profound transformation is reshaping how brands connect with audiences, marking a significant shift in strategy. Once a dominant force, earned media—those organic news features or viral social media moments—has been dethroned as the go-to strategy for growth among businesses, musicians, and creators. Now, paid content marketing has surged to the forefront,

Job Openings Drop in July, Yet Hiring Remains Strong

Overview of the U.S. Labor Market In the heat of summer, as businesses and workers navigate an ever-shifting economic landscape, a striking statistic emerges from the U.S. labor market: job openings have dipped to 7.2 million in July, down from 7.4 million just a month prior, raising eyebrows especially when juxtaposed with the robust hiring figures of 5.3 million for

Trend Analysis: Cooling US Labor Market Dynamics

Introduction In a startling reflection of economic headwinds, US private sector job growth plummeted to a mere 54,000 in August, nearly half of the previous month’s tally of 106,000, signaling a profound slowdown in labor market momentum. This sharp decline arrives at a critical juncture, with economic uncertainty casting a long shadow, policy debates intensifying, and political figures like President