Fidelity, which began a custody service to hold Bitcoin for its customers earlier this year, is trying to gauge how pensions, foundations, and others feel about owning cryptocurrencies.
Swaps are what investors use to help guard against risk. Theyre bought by pension plans and retirement funds to protect against fluctuations in interest rates, meaning they affect most people who own annuities.
U.S. regulators have found evidence that the rate, which is set daily based on data reported from banks, was rigged at the expense of pensions and other institutional investors, Bloomberg News reported last year