Devonshire Manager Supports Blockchain Technology in Settlement Process

David Jegen, managing director at Devonshire Investments, said he's interested in companies that are working towards using blockchain in the settlement process.

Blue Blocks
David Jegen, managing director at Devonshire Investments, sees the potential in blockchain, the technology behind Bitcoin, in the settlement process.

So it's only fitting that at the Fintech Startups Conference in New York someone decided to give their two cents on a trend that seems to continue to pick up steam in the industry.

David Jegen, managing director of Devonshire Investments, which is the private investment arm of $1.98 trillion Fidelity Investments, was that person, joking that it wouldn't be a fintech conference without mentioning blockchain, the technology behind digital currency.

"Blockchain is a great long-term opportunity for

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