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Fidelity Investments Unveils a Crypto Option for 401(k) Plans

April 27, 2022
Foundation Capital

Fidelity Investments wants to bring crypto to its workplace retirement plans.

The firm announced Tuesday it will have a product ready in coming months to allow 401(k) plan participants to direct a portion of their savings into bitcoin. Employers that decide to offer the option will choose what percentage of an employee’s account can be directed into crypto, up to a cap of 20%.