Fremont, CA: Valkyrie Investments, a leading investment manager focused on digital assets, has launched a protocol treasury management service to help blockchain projects better manage their balance sheets.
Blockchain protocols can benefit from services such as cash flow management, advanced reporting, proprietary investing, and more from a well-known name in digital and traditional asset management. This allows the developers who frequently run these projects to focus on what they do best while leaving the management of their war chest to professional asset managers.
"Treasury management services have long been available to corporate clients through traditional financial firms," stated Valkyrie Investments CEO Leah Wald. "This is the first such offering of its kind for companies in the digital asset space and represents another milestone in the institutionalization of this rapidly growing asset class."
Engaging a professional money manager to manage and monitor the assets held by emerging and established blockchain companies, which can often amount to hundreds of millions of dollars, adds another level of trust to projects and provides the fiduciary responsibility to act in the best interests of the client.
"The first protocol to partner with Valkyrie to take advantage of this new treasury management offering is NEM & Symbol, two independent layer-one (L1) protocols whose communities voted on a merger last year. This collaboration was the result of the NEM & Symbol communities agreeing via vote to appoint Valkyrie as a manager to the protocol treasury."
"The decision to use Valkyrie was an easy one for the community to make," stated NEM & Symbol core developer Hatchet. "They were the most qualified asset manager we'd spoken to for this role, willing to adapt to our unique needs."
