Today Nomura’s digital asset arm Laser Digital unveiled plans for the Laser Digital Polygon Adoption Fund (“Fund”). It enables institutional investors to access the staking yields of the native MATIC token of the Polygon proof of stake blockchain.
Polygon has hosted a fair number of institutional and enterprise issuances. A year ago, Siemens issued its €60 million bond on the Polygon blockchain. Other German institutions using it include Bankhaus Scheich the major market maker, and Melzer Asset Managers. Both initiatives involved tokenized funds. American asset manager Hamilton Lane also used Polygon when it issued digitally native shares in one of its Luxembourg-based funds. Plus, JP Morgan and others used Polygon as part of Project Guardian, the Singapore initiative that allows traditional financial institutions to experiment with public blockchain.
To launch the fund, Laser Digital collaborated with TruFin and Webn, the web3 incubator founded by Alan Howard, in which Laser is also an investor. TruFin is part of Webn‘s portfolio and the new fund uses TruFin’s TruStake liquid staking solution.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
