Fidelity to enable investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to do so.

Employees won’t be able to begin adding cryptos to their nest eggs directly, but later in 2022, the 23,000 firms that utilize Fidelity to administer their retirement plans will have the alternative to put bitcoin on the menu. The agreement of the country’s largest retirement-plan provider recommends cryptocurrency investing is proceeding ahead into the mainstream, but it remains to be seen if employers will embrace it for their employees.

Fidelity’s stance comes a month subsequent to the Labor Department expressed issues about including cryptos in retirement plans. It is also a tense time for the stock market, with the S&P 500 down almost 10% this year in part because of surging interest rates. Bitcoin is notoriously unpredictable and has lost more than 40% of its value since its November rise.

Under the scheme, Fidelity will enable savers to allocate as much as 20% of their nest eggs to bitcoin, though that threshold could be reduced by plan sponsors. Head of the workplace retirement offerings and platforms at the Boston-based company Dave Gray said it would be restricted to bitcoin in the beginning but he anticipates other digital assets to be made available in the upcoming days.