Fidelity Digital Assets' Head of Institutional Crypto Exits Role

Chris Tyrer, the head of institutional crypto at Fidelity Digital Assets, a unit of financial services giant Fidelity investments, has left his position, he announced in a LinkedIn post on Tuesday.

The post does not say what his future plans may be.

"Chris is a valued leader who has contributed to the successful and continued growth of the Fidelity Digital Assets business over his nearly four-year tenure," a Fidelity spokesperson told CoinDesk. "Fidelity remains committed to our work in the digital assets space and Fidelity Digital Assets’ continued potential for international growth.”

Tyrer joined Fidelity’s digital assets team in 2019 with “a mandate to set up and run the international business,” he said. Later, he served as president of Fidelity Digital Asset Management before leading the institutional side. Fidelity launched its crypto-focused institutional custody and trading platform Fidelity Digital Assets in 2018.

In November, Tyrer's team launched the company's crypto service, Fidelity Crypto, a commission-free trading product that allowed retail investors to buy and sell bitcoin and ether on the platform.

Before joining Fidelity, Tyrer was head of the digital assets project at investment bank Barclays.

UPDATE (Jan. 31 17:05 UTC) – Adds that Tyrer's future plans are unknown.

UPDATE (Jan. 31 17:15 UTC) – Adds background on Fidelity Digital Assets.

UPDATE (Jan. 31 20:25 UTC) – Adds comment from a Fidelity spokesperson and updates title in headline.