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
New York Federal Reserve Survey: Service Sector Price Increases Hit Fastest Pace Since 2022, Business Activity Index Drops to Lowest Since March
A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.
Raoul Pal Holds Bitcoin, Solana and Ethereum, but Calls One Wildly Undervalued
Ethos Technologies President Wang Lingke Reports Sale of $4.54 Million in Common Shares
Exclusive report - Boeing memorandum says sales chief McMullen will retire
Crypto prices
More
