Fidelity Digital Assets’ Research Director Leaves to Join Castle Island Ventures

Before Fidelity, Mrinalini Bhutoria served as senior research analyst at Circle and spent three years at Credit Suisse.

Apr 30, 2021 at 10:25 a.m. UTC

Updated Sep 14, 2021 at 12:48 p.m. UTC

Fidelity Digital Assets’ director of research, Mrinalini “Ria” Bhutoria, has left the company to join early-stage crypto fund Castle Island Ventures as a principal.

Bhutoria announced her new role on Twitter on April 28.
Prior to joining Fidelity in October 2019, Bhutoria served as a senior research analyst at payments company Circle after spending three years at Credit Suisse as an equity research analyst, covering financial technology companies such as PayPal and Stripe.
Castle Island Ventures, led by Nic Carter and Matt Walsh, will no doubt be looking to reap the benefit of Bhutoria’s experience at Fidelity in bridging blockchain and crypto with institutional finance.
Castle Island announced in February that it raised $50 million from investors, including high-net-worth individuals and family offices, for its second fund.
The first fund raised $30 million in June 2018 and invested in 20 startups, including BlockFi and River Financial.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.