Eligible individuals will be able to save a section of their 401(k) in Bitcoin as soon as June this year.
This option will only be made available to employees whose employer signs off the option.
The exact portion of money that can be saved as Bitcoin is unclear but there are reports that employees will have the option of transferring up to 20 per cent of their retirement fund.
At the moment only Bitcoin will be available but Fidelity does hope to support other cryptocurrencies in the future.
The company’s head of workplace retirement offerings and platforms says that “as a leader in digital assets, we are thrilled to be the first to offer employers exposure to bitcoin”.
