Valkyrie Investments Offers Treasury Management Service to Blockchain Projects
www.coindesk.com 23 February 2022 15:53, UTC
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Digital asset manager Valkyrie Investments is now offering a treasury management service to blockchain projects.
The aim of the service is to enable blockchain projects to better manage their balance sheets, Valkyrie announced Wednesday.
The treasury management service will offer cash flow management, proprietary investing and advanced reporting.
As its first client, Valkyrie has secured NEM/Symbol, two layer-one protocols that merged last year. Symbol is a proof-of-stake blockchain with its own token (XYM), which the NEM Group markets as an enterprise blockchain service for fintech, supply chains and more.
Valkyrie is aiming to help such projects focus on their job at hand while leaving "the administration of their war chest to professional asset managers," according to the announcement.
While such services have always been available for corporate clients via traditional financial firms, Valkyrie is looking to attract blockchain projects using its status as a recognized name in digital asset management.
Read more: Valkyrie Bitcoin Miners ETF Approved for Nasdaq Listing
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