Nomura’s Laser Digital unveils institutional digital asset fund for Polygon staking – Ledger Insights

Currently, Nomura’s digital asset division laser digital Announced plans for the Laser Digital Polygon Implementation Fund (the “Fund”). This will allow institutional investors to access the staking yield of the native MATIC token on the Polygon Proof of Stake blockchain.

Polygon has hosted a significant number of institutional and corporate publications. A year ago, Siemens issued a €60 million bond on the Polygon blockchain. Other German institutions using it include major market makers Bankhaus Scheich and Melzer Asset Managers. Both initiatives involved tokenized funds. US asset manager Hamilton Lane also used Polygon when issuing digital native shares in one of its Luxembourg-based funds. Additionally, the likes of JP Morgan have used his Polygon as part of Project Guardian, a Singapore initiative that allows traditional financial institutions to publicly experiment with his blockchain.

To launch the fund, Laser Digital collaborated with TruFin and Web.n, a web3 incubator founded by Alan Howard, of which Laser is also an investor. TruFin is part of the webnportfolio and new funds use TruFin’s TruStake liquid staking solution.

Laser targets institutional investors such as sovereign wealth funds, institutional funds, and private wealth managers. While Bitcoin and Ethereum ETFs and ETPs provide exposure to cryptocurrencies, staking also provides a source of income in addition to the price fluctuations of cryptocurrencies. Of course, staking also helps ensure the security of blockchain networks.

Making staking easier to use

US Bitcoin ETFs, especially BlackRock’s $17 billion ITBIT, are attracting attention, but staking funds are also attracting attention. For example, 21Shares Ethereum Staking ETP (Switzerland) has approximately $570 million in assets under management (AUM). SIX Digital Exchange and Boerse Stuttgart also offer institutional solutions for Ethereum staking.

Many institutions may be wary of the technical aspects of direct staking. That’s the whole point of TruMATIC. His TruMATIC token on TruFin targets MATIC rather than ETH and aims to offer higher yields than direct staking. This is a passive option, so all you have to do is buy the tokens and his TruFin will take care of the rest. TruMATIC’s current market cap is $61 million. TruStake says that although the TruMATIC token was launched late last year, it has achieved a yield of over 5% APY over the past nine months.

The fund will initially be launched in the UK, with plans for other jurisdictions as well. Laser launched its first fund, the Bitcoin Adoption Fund, last September.

“Laser Digital Asset Management aims to turn DeFi investment opportunities into investable TradFi solutions. By leveraging TruFin technology and integration with Polygon’s AggLayer, we are providing the most secure and efficient solution for institutional investors. We are making Polygon-Matic digital asset investing available in a unique way,” said Sebastien Guglietta, Head of Laser Digital Asset Management.

On a technical level, the fund integrates Polygon AggLayer to enable cross-chain configurations and transactions. The aim is to create a web of blockchains that feels like a single chain. Additionally, it will allow funds to take advantage of the security of the Ethereum network.

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