Matter Labs partners with Sygnum to tokenize $50 million financial reserves on zkSync Layer 2
ChainCatcher news, according to The Block, Matter Labs has partnered with digital asset bank Sygnum to tokenize its $50 million financial reserves on the zkSync Layer 2 blockchain.
It is reported that Matter Labs' $50 million financial reserves will be tokenized in the form of security tokens issued by Sygnum. These tokens will serve as on-chain representations of units in the Fidelity International Liquidity Fund (ILF) and act as a secure and transparent "proof of reserves" for Matter Labs' treasury reserves.
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