Fidelity Investments, the multi-trillion dollar assets manager, is planning to build a cryptocurrency exchange, according to internal job postings.

Fidelity, the Boston, MA-based firm, internally advertised for a DevOps System Engineer “to help engineer, create and deploy a Digital Asset exchange to both a public and private cloud”. It is speculated that the $2.4 trillion-assets managing firm has been planning the crypto exchange initiative for almost one year.

The company also has a Fidelity Digital Assets Service division to manage its cryptocurrency related services. The division is seeking staff to develop “first-in-class custodian services for Bitcoin and other digital currencies”.

A select list of clients at Fidelity Investments has the option to link their Coinbase accounts to Fidelity portfolios. The feature allows the clients to view their cryptocurrency assets alongside their other investments on the Fidelity platform. The service has an added advantage for Fidelity; the company is allowed to hold their clients’ crypto-assets directly.

The launch date for the Fidelity crypto exchange platform is not set, nor is it clear if the crypto exchange will be available on the main Fidelity platform. The exchange could even be a separate entity under the company’s platforms.

Abigail Johnson, CEO of Fidelity Investments said in a conference in May –

“I’m a believer. I’m one of the few standing before you today from a large financial services company that has not given up on digital currencies.”

In fact, the firm has made several ventures into the cryptocurrency industry and even has a minor cryptocurrency mining operation. Though the operation was set for education purposes, Johnson confirmed that it was “actually making a lot of money”.

The company allows donors to contribute in cryptocurrency to its charitable wing and the fund has accumulated tens of millions of dollars in cryptocurrencies over the past few years. The fund collected $22 million in 2017 alone.

Firms like Fidelity launching a cryptocurrency exchange will aid the process of legitimizing the digital-assets class as legal financial investments.