Fidelity Digital Assets partners with EY for blockchain analytics solution, aiming to enhance risk management capabilities

Fidelity Digital Assets, the institutional digital asset arm of Fidelity Investments, has become the first enterprise client to adopt EY’s Blockchain Analyzer: Reconciler, a web‑based blockchain analytics and reconciliation tool designed for risk management and controls. EY has previously used earlier versions of this software internally for audit engagements since 2018, but this marks the first time the fourth-generation product is being deployed directly by a large enterprise client. Fidelity Digital Assets will use a subset of the tool’s capabilities via the EY Blockchain platform to query on‑chain data and compare it with its own internal records as part of its operational and risk-management workflows. EY Blockchain Analyzer: Reconciler allows organizations to query public blockchain data—including transactions, wallet addresses, balances, and digital signatures—and reconcile that information against off‑chain books and records. According to EY’s product documentation, the tool is designed to help financial institutions improve internal controls, check data quality, and support reporting by identifying matches and mismatches between on‑chain and internal datasets, thereby reducing the risk of errors or inconsistencies in digital asset operations. For a firm like Fidelity Digital Assets, which focuses on enterprise‑grade custody and trading services for institutional investors, integrating such a tool aligns with its emphasis on regulatory-grade infrastructure, compliance, and risk oversight in the digital asset space. The partnership highlights a broader trend of traditional financial institutions and Big Four audit firms deepening their collaboration around blockchain infrastructure and analytics as digital assets mature. EY’s move to commercialize technology it originally developed for audit work, and Fidelity Digital Assets’ decision to become the launch enterprise client, signal growing institutional demand for tools that bridge on‑chain transparency with established risk and compliance frameworks. This is particularly relevant as regulators and institutional investors scrutinize how custodians and service providers manage operational risk, reconcile digital asset positions, and demonstrate robust internal controls for crypto and tokenized assets. "entities":["Fidelity Digital Assets","Fidelity Investments","EY","Ernst & Young","EY Blockchain Analyzer: Reconciler","EY Blockchain","The Block"]}`

✨ AI-generated background, compiled from web sources — not editorial content.

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• Fidelity Digital Assets unlocks power of blockchain with EY (erp.today)
• EY's blockchain tool courts Fidelity amid crypto market skepticism (blockworks.com)
• [PDF] EY Blockchain Analyzer: Reconciler (ey.com)
• About Us - Fidelity Digital Assets (fidelitydigitalassets.com)
• Fidelity Digital Assets: Home Page (fidelitydigitalassets.com)

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