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LIBRE, LA NUOVA CATENA RWA SU POLYGON ECOSYSTEM

LIBRE, LA NUOVA CATENA RWA SU POLYGON ECOSYSTEM

Giorno: 16 gennaio 2024 | Ora: 12:08

MAJOR FUNDS LAUNCHING DEDICATED RWA CHAINS LIKE LIBRE ON POLYGON ECOSYSTEM

Prominent funds such as Brevan Howard and Hamilton Lane have joined forces with Libre Capital to leverage Polygon CDK for the launch of Libre. Libre represents a dedicated Real World Asset (RWA) chain within the Polygon ecosystem, catering to specific investors and asset managers seeking access to tokenized investment funds.

NOTABLE ACHIEVEMENTS: TOKENIZATION OF PRIVATE CREDIT FUNDS AND US-REGISTERED MUTUAL FUNDS ON POLYGON POS

Last year, Hamilton Lane opted to utilize Securitize's tokenization platform on Polygon PoS, allowing investors to gain tokenized exposure to the first-ever private credit fund fully on-chain. FTI_US also achieved a milestone by becoming the first US-registered mutual fund to tokenize its OnChain U.S. Government Money Market Fund (FOBXX) on Polygon PoS. These achievements highlight the growing trend of institutional engagement with tokenization on Polygon networks.

ADVANCEMENTS WITHIN POLYGON ECOSYSTEM: POLYGON zkEVM AND NFT GROWTH

Polygon Labs recently provided an update on the advancements of Polygon zkEVM, signaling the imminent shift to Stage 2 of its Mainnet Beta. Polygon zkEVM utilizes zero-knowledge proofs to enhance transaction efficiency on the Ethereum network. Furthermore, Polygon's NFT ecosystem has experienced significant growth, with NFT sales surpassing $36 million in the past week alone. This expansion showcases Polygon's increasing influence and competitiveness within the NFT market.

MATIC PRICE CORRECTION AND SUPPLY DROP

Polygon's native cryptocurrency MATIC has witnessed a strong price correction amid a drop in the broader crypto market. At press time, the MATIC price is trading 0.85% down at $0.85 with a market cap of $8.12 billion. One positive trigger to watch for is the drop in the MATIC supply on the exchanges.

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