Fidelity Digital Assets becomes first enterprise client of EY's blockchain tool

Quick Take

  • Fidelity Digital Assets has become the first enterprise client of EY’s latest generation Blockchain Analyzer: Reconciler product, available via EY Blockchain’s SaaS platform. 
  • Fidelity will leverage the web-based analytics dashboard to query on-chain data for risk management purposes.

EY, one of the "big four" global accounting firms, unveiled Fidelity Digital Assets as the first enterprise client to leverage its web-based, on-chain analytics tool available via EY Blockchain's SaaS platform.

The fourth generation tool known as "EY Blockchain Analyzer: Reconciler" is designed to help organizations independently source and query on-chain data to augment their internal risk management procedures, according to a statement.

"As the global digital assets marketplace continues to grow rapidly, addressing operational excellence and robust internal risk management is paramount for cryptocurrency platforms to gain a competitive edge and instill trust among investors and regulators," EY Global blockchain lead Paul Brody said. 

Multi-million dollar investment

EY audit teams have used earlier versions of the dashboard for audit procedures since 2018, enabling the reconciliation of clients' off-chain records and on-chain data. Following six years of de