A rising number of companies in the digital-asset sector are reaching out to asset managers such as Fidelity Investments to invest their cash in products like Treasuries in the aftermath of the recent collapse of several crypto friendly US banks.

Justin Bram, co-founder and chief executive officer of crypto startup Astaria, said he was surprised by the number of messages he received after he offered to make introductory calls to Boston-based Fidelity in a private group chat on Telegram last week. Representatives at Fidelity didn’t immediately respond to requests for comment.

(ByMuyao Shen and Yueqi Yang)