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Sygnum invests $50 million in Fidelity’s Institutional Liquidity Fund on behalf of Matter Labs

Sygnum invests $50 million in Fidelity’s Institutional Liquidity Fund on behalf of Matter Labs

CointimeCointime2024/03/19 08:19
By:Cointime

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".

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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.

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