Fidelity has taken the top spot in Strategy's Bitcoin Bank Adoption Index, which measures the adoption of Bitcoin and its ecosystem across major banks and financial institutions. The index score is based on various factors such as tokenized funds, custody and settlement rails, and other digital assets offerings.
Fidelity International launched its first tokenized fund, FILQ, in May this year, marking a significant milestone in the adoption of Bitcoin among financial institutions. Abigail Johnson, chairman and chief executive of Fidelity, said that Fidelity was an early adopter of crypto, starting bitcoin mining in 2014 and launching its first commercial offering in 2017.
The index score is based on various factors such as tokenized funds, custody and settlement rails, and other digital assets offerings. According to the index, Fidelity has a score of 71%, followed by BNY at 46% and Goldman Sachs at 45%. Marc Baumann, founder of 51, commented that bank adoption of Bitcoin is accelerating but still in its early stages.