(Reuters] – Fidelity Investments is allowing investors to include a bitcoin account in their 401(k), retirement savings, and investment plans. The Wall Street Journal reported Tuesday.

The 23,000 companies that use Fidelity to administer their retirement plans will have the option to add bitcoin to their plans later this year, according to the WSJ report https://on.wsj.com/39b0sbX.

Fidelity is the Boston-based provider of major retirement plans that allows investors to add bitcoin accounts to their 401ks. This allows them up to 20% of their nest egg to be allocated to bitcoin. The report said that plan sponsors could lower this threshold.

Fidelity has not yet responded to a Reuters query for comment beyond business hours.

Fidelity’s head of workplace retirement platforms and offerings, Dave Gray, stated that the initial plan would only allow for bitcoin but that other digital assets will be available later.

After U.S. president Joe Biden issued an executive order in March that required the government to evaluate the potential risks and benefits associated with creating a central digital bank dollar as well as other issues related to cryptocurrency, this development is now possible.