Wall Street Crypto Firm Valkyrie Is Holding a $700M Protocol Treasury

Posted on by American Coins & Gold

Wall Street Crypto Firm Valkyrie Is Holding a 0M Protocol Treasury
Valkyrie Investments will oversee NEM and Symbol protocol’s $700 million token treasury in a tie-up between modern-day asset managers and the digital realm.The multi-sig setup, which was formalized on Jan. 25, according to on-chain data, is an early instance of collaboration between two disparate corners of crypto. Valkyrie is a Wall Street-facing outfit known for its bitcoin futures exchange-traded fund; Symbol is one of the many blockchain protocols where pseudonymous users are building “the future of finance.”Their seemingly odd coupling comes as the crypto industry takes a hard look at pseudonymous treasury management. Early Thursday, allegations broke that Wonderland, a…