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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
AccessTimeIconFeb 23, 2022 at 3:24 p.m. UTC
Updated May 11, 2023 at 4:12 p.m. UTC
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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.
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    • Read more: Valkyrie Bitcoin Miners ETF Approved for Nasdaq Listing

    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.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

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