Manuel Nordeste, Vice President of Fidelity Digital Assets, stated that fixed income plans and other pension funds have "just started discussing" cryptocurrency assets with investment committees. Smaller but mature investors such as family offices and high net worth individuals are more likely to purchase cryptocurrency. When Fidelity Digital Assets started (in 2018), it saw "family offices, small professional asset management companies, and hedge funds, followed by large blue-chip stock hedge funds," and we began talking to larger, true institutional investors, and we are gaining some of these clients, as well as enterprises.