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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.
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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.