Sygnum and Matter Labs Transform $50M Fidelity International Fund to Blockchain Reserves

Tuesday, 19 March 2024, 16:39

Sygnum has successfully tokenized $50 million of Fidelity International Fund, while Matter Labs progresses its transition of reserves to a blockchain. This strategic move signifies a significant step towards enhancing security and efficiency in the financial landscape. By harnessing blockchain technology, both companies aim to revolutionize traditional finance and establish a new era of digital asset management.
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Sygnum and Matter Labs Transform $50M Fidelity International Fund to Blockchain Reserves

Sygnum Tokenizes $50M Fidelity International Fund

The recent partnership between Sygnum and Fidelity resulted in the successful tokenization of a $50 million fund, marking a pivotal moment in the convergence of traditional finance and blockchain technology.

Matter Labs' Move to Blockchain

As part of its strategic vision, Matter Labs is transferring its treasury reserves to a blockchain to leverage the benefits of enhanced security and transparency.

Conclusion: The collaboration between Sygnum and Matter Labs showcases a transformative shift towards blockchain integration in the financial sector, signifying a progressive leap towards innovation and security.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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