Sygnum represents Matter Labs in investing $50 million from Fidelity's institutional liquidity fund
2024/03/19 08:22
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."
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