Sygnum invests $50 million in Fidelity’s Institutional Liquidity Fund on behalf of Matter Labs
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 on the zkSync blockchain. The security tokens issued by Sygnum act as on-chain representatives of Fidelity International's $6.9 billion ILF units, generating 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
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Bitget Spot Margin Announcement on Suspension of MAVIA/USDT, BADGER/USDT, BAN/USDT, PONKE/USDT, FLOCK/USDT Margin Trading Services
Trending news
MoreCrypto prices
More
