Matter Labs partners with Sygnum to tokenize $50 million financial reserves on zkSync Layer 2

ChainCatcher news, according to The Block, Matter Labs has partnered with digital asset bank Sygnum to tokenize its $50 million financial reserves on the zkSync Layer 2 blockchain.

It is reported that Matter Labs' $50 million financial reserves will be tokenized in the form of security tokens issued by Sygnum. These tokens will serve as on-chain representations of units in the Fidelity International Liquidity Fund (ILF) and act as a secure and transparent "proof of reserves" for Matter Labs' treasury reserves.