Sygnum represents Matter Labs in investing $50 million from Fidelity's institutional liquidity fund
Golden Finance reported that the digital asset bank group Sygnum, on behalf of its client Matter Labs, invested $50 million in Fidelity's Institutional Liquidity Fund (ILF). Sygnum is tokenizing Matter Labs' $50 million reserve funds onto the zkSync blockchain. The security tokens issued by Sygnum act as on-chain representations of units in Fidelity International's $6.9 billion ILF to generate secure and transparent "reserve proofs."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.
Shanghai's fintech industry scale in 2024 is approximately 440.5 billions yuan.
A certain whale shorted 5,000 ETH with 5x leverage, worth approximately $15.02 million.
Froggie market cap is now $8.18 million, with a 24-hour increase of 37.09%.
Trending news
MoreCrypto prices
More
