Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Tokenization of traditional assets is a growing phenomenon at the intersection of crypto and traditional finance that has attracted several banking giants to develop offerings.
The security tokens represent Matter Labs' holdings in Fidelity International's Institutional Liquidity Fund, which has $6.9 billion of assets under management. This was the first instance of using Sygnum's multichain tokenization offering of traditional investments, the Switzerland-based bank said.tokenization of real-world assets
– is an increasingly popular use case for blockchain technology as digital assets and traditional finance become more intertwined.from $100 million in early 2023 as crypto firms seek to earn a steady yield by parking their on-chain funds."Working with Fidelity and utilizing zkSync, Sygnum leverages both the power of the blockchain and the experience of a global tier 1 investment manager," Fatmire Bekiri, Sygnum's head of tokenization said in a statement.
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