Fidelity CEO Abigail Johnson on Stablecoins, Bitcoin, and Innovation Bets
Every traditional financial institution faces the same dilemma: evolve or fall behind, build or buy. But when safety, predictability, ...
Chairman and Chief Executive Officer, Fidelity
Search every verified Abigail Johnson interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Abigail Johnson, chairman and CEO of Fidelity Investments, has continued to emphasize the company's long-term commitment to digital assets. Speaking in late 2025, she described her belief in Bitcoin's role in the "savings hierarchy of lots of people" and noted that she personally owns Bitcoin. Johnson said that Fidelity launched an on-chain tokenized money market fund as a workaround after the company conceded on the issue of paying interest on stablecoins. She also reflected on the early days of Fidelity's crypto efforts, recalling that the company initially explored 52 use cases for blockchain technology, though only one—accepting Bitcoin donations for its charitable gift fund—came to fruition quickly. Johnson stated that Fidelity's digital assets custody business, launched in 2016, was built in response to demand from independent advisers and holders who needed institutional support. Johnson has also discussed the broader challenges and opportunities in the financial services industry. She noted that fee compression and rising customer expectations for service are driving disruption, and she said that Fidelity's status as a private company allows it to avoid quarterly earnings reporting and take a longer-term view. Johnson has advocated for Boston to become a hub for blockchain and digital assets, and she stated that regulation is a key factor in determining what products come to market. She has also described her leadership philosophy, saying she aims to "stay curious and keep learning" and that she values institutionalizing mobility within the company so employees develop different perspectives.
“Well, it really started as a learning curiosity thing — we just started these regular conversations to try to understand this and brainstormed a list of 52 use cases to see if any of them would work.”
“Someone had suggested that since a lot of new wealth was being created by Bitcoin there were people who wanted to use that newly found wealth to make charitable contributions, so we arranged to be able to accept donations in Bitcoin through our donor advised fund.”
“We ran the numbers like everybody else and mining was actually a pretty attractive business — it turned out to be probably the single highest RR business that we've had.”
“The first real customer‑facing business we launched was our custody business; initially it struck me as so anti‑crypto, but demand from independent advisers and holders who needed planning and estate support made it foundational.”
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