Fyde and Magna are thrilled to announce a partnership to help simplify token and treasury management. This collaboration can streamline processes for companies venturing into the world of cryptocurrency, offering a cohesive ecosystem where tokens can not only be created with ease but also managed efficiently to strengthen crypto treasuries.

At the heart of this partnership lies a shared commitment to providing noncustodial solutions that empower project owners with full control over their assets, ensuring security and trust in the management of their funds. Magna is renowned for its token management system that simplifies the minting and distribution of cryptocurrencies. Fyde is a treasury management protocol known for its innovative approach to helping crypto treasuries obtain diversification, liquidity, and yield – without sacrificing governance. Through this collaboration, clients will not only have the full support of both the Fyde and Magna team, but will also be positioned to take advantage of the Fyde airdrop in Q2 this year – further bolstering their own treasuries.

Beyond the immediate financial benefits, new clients will also benefit from the expertise that Magna and Fyde have accrued over the years. Since 2022, Magna has helped more than 50 crypto projects manage their token, and currently has tokens valued at over $2 B locked in its secure, non-custodial smart contracts. Magna remains the leader in the space for token management and on-chain distributions. Fyde consists of former Investment Managers and PhDs with experiences from JP Morgan, PwC, and NASA, and who individually have advised some of the largest foundations and treasuries globally. Clients will be able to leverage the wealth of knowledge and resources that both teams collectively bring to the table.