Fasanara Capital, a London-based funding supervisor, has launched its tokenized cash market fund on Polygon. The asset supervisor, which boasts greater than $4 billion in belongings beneath administration, introduced that the brand new product, referred to as the “Fasanara MMF Token,” or FAST, is now accessible on Polygon PoS (ex-MATIC).
Fasanara partnered with Chainlink, Apex Group, Tokeny, and Fireblocks to launch FAST, in response to an announcement on January 21. FAST combines the advantages of conventional cash market funds with blockchain know-how, with Polygon PoS enjoying a essential position in enabling scalability and real-time settlement. The launch is a component of a bigger development of tokenization that has led to rising adoption of real-world belongings transferred to the blockchain.
In keeping with Fasanara founder and CEO Francesco FILIA, FAST goes past merely utilizing blockchain know-how. It’s a cash market fund that makes use of this innovation to supply an funding answer that mixes the strengths of each tokenized and conventional belongings. The agency famous that tokenizing a cash market fund makes investing extra accessible and streamlined for buyers.
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