Polygon’s Infrastructure Empowers Future of Finance
  • Polygon is at the forefront of asset tokenization, Sygnum Bank is tokenizing private and debt markets, and Hamilton Lane and Apex Group are offering DLT-registered equities.
  • Bitcoin Suisse issued tokenized bonds on Polygon, while Franklin Templeton announced a tokenized treasury fund backed by U.S. Treasury bonds in 2022.

Tokenization of real-world assets is emerging as one of the biggest applications of blockchain technology, with trillions of dollars expected to be on-chain by 2030. Polygon is at the heart of this revolution, with some of the world’s pioneering tokenization projects leveraging the Ethereum Layer 2 network.

DeFi investment services firm 21.co predicts that in a bullish scenario, the tokenized assets market cap could reach $9.95 trillion by the end of 2010, while the Boston Consulting Group pegs the figure at $11 trillion.

This has led to a fierce race to dominate the tokenization market in recent years. Every network wants to be at the forefront of this financial revolution. However, only a handful have managed to capture significant user interest, with Polygon emerging as a leader, attracting both smaller users and trillion-dollar enterprises.

Tokenization at Polygon is in full swing

As the network recently announced, it has attracted some of the world’s leading companies, who have issued hundreds of millions of dollars worth of real-world assets on the chain.

One pioneer is Franklin Templeton, a global asset management firm with $1.5 trillion in assets under management. The firm launched the Franklin On-Chain U.S. Government Money Fund (FOBXX) on Polygon in November 2022. The fund offers a tokenized money market fund backed by U.S. Treasury bonds.

meanwhile launch Roger Bayston, head of digital assets at Templeton, said the firm chose Polygon because of its “track record.”

Last year, yet another global asset manager followed Templeton’s lead: Hamilton Lane, which has $850 billion in assets under management, launched its second fund at Polygon, with Securitize providing access through a feeder fund.

Last January at Hamilton Lane issued The firm’s first fund attracted investor commitments of $2.1 billion.

In the same month, Dutch banking conglomerate ABN Amro issued A €5 million digital green bond using the ERC-3643 standard. The issuance provided a glimpse into Polygon’s sustainable finance capabilities.

A month after ABN Amro’s issuance, German technology giant Siemens issued €60 million digital bond on Polygon.

“By moving our securities issuance from paper to a public blockchain, we can execute transactions significantly faster and more efficiently than we have done in the past,” said Peter Rathgeb, corporate treasurer at Siemens AG.

Several companies both within and outside the cryptocurrency industry have leveraged Polygon’s low fees and fast, secure transactions to issue similar tokenized products, including Sygnum Bank, Bitcoin Suisse, Ondo Finance and Balinese real estate investment company Cofund.

On the other hand, MATIC $0.4627Lose 6.79% Over the past day, the market as a whole has fallen, with the total market capitalization at 3.8%, Tokens such as Arbitrum, Optimism, Litecoin, Gaming Sensation, and Notcoin have all fallen. Ten%.

Recommended for you:

No spam, no lies, just insights. Unsubscribe at any time.


Leave a Comment