Valkyrie Investments Offers Treasury Management Service to Blockchain Projects

The digital asset manager will offer cash flow management, proprietary investing and advanced reporting.

By Jamie Crawley

Feb 23, 2022 at 3:24 p.m. UTC

Updated Feb 23, 2022 at 7:23 p.m. UTC

The Ride of the Valkyries (Fine Art Images/Heritage Images/Getty Images)

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

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.

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.

Read more about

Fintech Asset Management

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.