Valkyrie leads the way in treasury management for crypto companies, driving global adoption


  • The Digital asset investment firm Valkyrie brought cryptocurrency firms the first protocol treasury management service. 
  • Amidst the rising global adoption of cryptocurrencies, Valkyrie is set to manage crypto firms' balance sheets. 
  • Companies in blockchain are required to offload financial management tasks on firms like Valkyrie. 
  • Proponents believe the launch of treasury management services could fuel global crypto adoption. 

Valkyrie has brought the protocol treasury management service to the cryptocurrency market, fueling a bullish narrative among investors. Cryptocurrency firms adding assets to their balance sheet seek treasury management firms. 

Treasury management services for crypto firms drive adoption 

Specialized alternate asset management firm Valkyrie has launched a new treasury management service for crypto firms. With the rising global adoption of crypto and inflow of institutional capital in digital assets, there is an increase in demand for treasury management services. 

Valkyrie is keen on helping crypto firms manage their balance sheets. MicroStrategy led the way in adding Bitcoin to balance sheets. 

The firm would offer cryptocurrency firms cash flow management, advanced reporting, and other services. 

Leah Wald, CEO of Valkyrie Investments, 

Treasury management becoming the norm is the natural evolution of a rapidly growing industry.

Companies with crypto on the balance sheet need treasury management services and offloading their financial management tasks. 

Valkyrie has secured NEM/Symbol as its first client for its treasury management services. Valkyrie's client is a proof-of-stake blockchain that offers blockchain as a service for fintech and supply chains. 

Valkyrie is focused on offering its treasury management services for the administration of assets to assist professionals and managers. Traditional finance services and managers are now keen on adopting blockchain services, and Valkyrie's services could attract such projects. 

On February 23, 2022, Valkyrie announced the launch of these services. With over $1 billion assets under management, Valkyrie has offered its services to firms keen on adding Bitcoin and cryptocurrencies to their balance sheet. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Weekly Forecast: BTC shows weakness, bears aiming for $90,000 mark

Bitcoin Weekly Forecast: BTC shows weakness, bears aiming for $90,000 mark

Bitcoin (BTC) price hovers around $97,000 on Friday after losing nearly 5% in the last three days. CryptoQuant weekly report shows that activity on the Bitcoin network has declined to its lowest level in a year. 

More Bitcoin News
ONDO Price Forecast: Ondo Chain launched while TVL rises to $654 million

ONDO Price Forecast: Ondo Chain launched while TVL rises to $654 million

Ondo price is nearing its key weekly resistance of $1.38 on Friday, and a firm close above this level hints at a rally ahead. Ondo launches its Ondo Chain, a new Layer 1 blockchain purpose-built for institutional-grade RWAs.

More Ondo News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP are at risk of for further declines

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP are at risk of for further declines

Bitcoin (BTC) hovers around $97,400 on Friday after losing nearly 5% in the last three days. Ethereum (ETH) and Ripple (XRP) fail to recover and face rejection from their key levels, hinting at further corrections.

More Cryptocurrencies News
XRP ETF gains traction as SEC acknowledges Grayscale filing for Solana and Litecoin funds

XRP ETF gains traction as SEC acknowledges Grayscale filing for Solana and Litecoin funds

Ripple's XRP was in the limelight on Thursday following the Chicago Board Options Exchange (Cboe) 19b-4 filing to the SEC to list and begin trading XRP exchange-traded funds (ETFs) for asset managers Canary Capital, WisdomTree, 21Shares and Bitwise. 

More Ripple News
Bitcoin: BTC shows weakness, bears aiming for $90,000 mark

Bitcoin: BTC shows weakness, bears aiming for $90,000 mark

Bitcoin (BTC) price hovers around $97,000 on Friday after losing nearly 5% in the last three days. CryptoQuant weekly report shows that activity on the Bitcoin network has declined to its lowest level in a year. Traders should watch FTX's upcoming repayments to creditors starting on February 18, which could bring in volatility for Bitcoin prices.

Read full analysis
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

BTC

ETH

XRP