Sygnum Bank digitized $50 million of assets from a Fidelity International money-market fund via Matter Labs’ Ethereum scaling network, zkSync. The tokens represent Matter Labs’ stake in Fidelity’s $6.9 billion Institutional Liquidity Fund. This marks Sygnum’s debut in multichain tokenization of conventional investments. Tokenization of real-world assets is gaining traction, with major institutions like Citi and JPMorgan exploring the technology.
Sygnum Tokenizes $50M of Fidelity International Fund as Matter Labs Moves Reserves to Blockchain
