Fidelity Investments, considered one of the most active financial firms in crypto, has been forced to put its internal cryptocurrency fund on hold while it looks to replace key leadership personnel.

According to a report by Business Insider that cites people familiar with the matter, Fidelity is actively looking to replace two former senior employees who drove the fund. Matt Walsh, a former vice president at Fidelity, and Nic Carter, a former investment research analyst at the firm, both left recently to start Castle Island Ventures, a crypto-focused venture capital firm.

The report, which comes just days after rumors surfaced that Fidelity is planning to build its own cryptocurrency exchange, states that the firm’s fund invests in both crypto-assets and crypto companies with its own capital.

This is just the latest example of top wall street talent leaving to join or form independent cryptocurrency firms. In April, two former members of Goldman Sach’s asset management division jumped ship to start BlockTower Capital, a cryptocurrency investment firm, which pegs itself as bringing professional trading and portfolio management to the emerging digital asset class.

More recently, Sequoia Capital partner Matt Huang left the firm to start a new cryptocurrency investment fund alongside Coinbase co-founder Fred Ehrsam.

In spite of the ongoing talent drain, Wall Street is still very much interested in the emerging crypto markets. Over the last few months, several investment banks, including Morgan Stanley and Goldman Sachs, have signaled that they are to creating dedicated cryptocurrency trading desks while Nasdaq CEO Adena Friedman recently said she is open to building a Nasdaq cryptocurrency exchange.

Fidelity has not yet released an official statement to clarify the status of its crypto fund or hiring status to replace the missing leadership.

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