Sygnum, a Switzerland-based banking group, has announced an initiative to enhance crypto-to-TradFi treasury management through partnerships with Fidelity International and Matter Labs.
This move highlights an ongoing trend of merging decentralized finance (DeFi) with traditional financial systems, aiming to broaden investment opportunities for institutional clients.
Sygnum Partners with Fidelity and Matter Labs
Sygnum, founded with a Swiss and Singapore heritage, aims to innovate institutional treasury management. Their latest move is a strategic partnership with Fidelity International and Matter Labs on the zkSync blockchain.
By tokenizing $50 million of Matter Labs’ reserves, Sygnum bridges traditional assets with blockchain security. This effort aligns with Sygnum’s mission to connect crypto and traditional finance sectors, expanding investment access.
“Working with Fidelity and utilising zkSync, Sygnum leverages both the power of the blockchain and the experience of a global Tier 1 investment manager. It’s a prime illustration of our mission to connect Crypto and Trad-Fi and build Future Finance on-chain.” – Fatmire Bekiri, Head of Tokenization, Sygnum
Integration of Crypto and Traditional Assets
Sygnum’s initiative potentially transforms treasury management by integrating crypto and traditional assets. The partnership strengthens the link between decentralized and established financial infrastructures with transparent, secure blockchain solutions.
Analysts note that tokenizing real-world assets on zkSync could boost institutional participation in crypto markets. This aligns with Fidelity’s ongoing efforts to provide robust investment solutions bridging both financial worlds.
Trend of Crypto-Traditional Asset Integration Since 2020
Similar initiatives have seen positive outcomes since 2020, with crypto and traditional asset integration becoming more prevalent. The professionalization of digital assets reflects broader market maturity.
According to expert insights, Sygnum’s move could accelerate the adoption of compiled financial products. This strategy may lead to increased demand for hybrid treasury management, leveraging blockchain’s agility and traditional finance’s stability.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
