Valkyrie Investments Offers Treasury Management Service to Blockchain Projects
The digital asset manager will offer cash flow management, proprietary investing and advanced reporting.
Feb 23, 2022 at 3:24 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EYFISWV7R5AN7MNZOVNYFXB64I.jpg)
The Ride of the Valkyries (Fine Art Images/Heritage Images/Getty Images)
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.
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.
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Jamie Crawley is a CoinDesk news reporter based in London.
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