$4.5 trillion asset management entity Fidelity Investments is reportedly looking to onboard an extra 100 personnel to reinforce its developing digital assets team.

Specifically, a spokesperson from Fidelity reportedly revealed that the company has kickstarted a new round of talent hunt, which will bring the Fidelity Digital Asset’s headcount to approximately 500 by the end of Q1 2023.

At the moment, the search result on Fidelity’s job board will display 74 live positions for digital asset-associated works, which cover fields that work with blockchain technology, business analysis, customer service, finance and accounting, product development and corporate services, including compliance. 

The vast majority of the existing listings are situated in the United States – with most of them coming from its Boston headquarters, New York, Texas, Colorado and Utah.

The representative additionally disclosed to Bloomberg that the new roles would be scattered across the United States, United Kingdom and Ireland.

Fidelity’s big hunt for talent commenced during the time BlockFi, Coinbase, Gemini and Crypto.com were among some of the top-tier crypto-native entities laying off a spree of their staff, having trimmed down 20%, 18% and 10%, respectively.

The major layoffs seems to have opened a fresh supply of crypto human resources for traditional entities such as Fidelity to take on board.

The digital asset team expansion should be of little surprise given how gung-ho Fidelity has been to offer more comprehensive digital asset-related services amid growing investor interest.

A Fidelity representative also shared confirmation of the firm’s decision to roll out facilitating features for Ether custody and trading services to its institutional clients from Oct. 28 this year.