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Valkyrie Investments Offers Treasury Management Service to Blockchain Projects
The digital asset manager will offer cash flow management, proprietary investing and advanced reporting.
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 1 protocols that agreed to merge last year.
- 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
STORY CONTINUES BELOW
CORRECTION: Feb. 23 19:23 UTC): ) A previous version of this article incorrectly stated that NEM and Symbol had already merged, and that NEM markets Symbol.
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
