Sygnum Tokenizes Matter Labs Treasury Reserves
March 19, 2024
Matter Labs has partnered with Sygnum, a digital asset bank, to tokenize $50 million worth of treasury reserves on the zkSync Layer 2 blockchain. The tokens will be recorded on the blockchain as security tokens of the Fidelity International Institutional Liquidity Fund (ILF). Fatmire Bekiri, head of tokenization at Sygnum, sees this as a prime example of their mission to bridge blockchain technology and the traditional financial industry.
