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Cryptocurrency News Articles

Laser Digital, TruFin Launch Groundbreaking Fund Uniting TradFi and Blockchain

Apr 01, 2024 at 10:56 pm

Laser Digital, in partnership with WebN incubated TruFin, has unveiled the Laser Digital Polygon Adoption Fund. Built upon Polygon's Aggregation Layer, the Fund grants investors access to Polygon-MATIC, the native token of Polygon's PoS protocol. It also utilizes TruFin's liquid staking solution, TruStake, enabling additional yield generation. Laser Digital designed the fund specifically for traditional investors, providing a familiar interface while strengthening the Polygon protocols through staking, an earning mechanism for transaction validation.

Laser Digital, TruFin Launch Groundbreaking Fund Uniting TradFi and Blockchain

Laser Digital and TruFin Unveil Groundbreaking Laser Digital Polygon Adoption Fund, Bridging Traditional Finance with Blockchain Innovation

Laser Digital, the digital asset subsidiary of renowned investment bank Nomura, in partnership with blockchain protocol TruFin, has announced the launch of the Laser Digital Polygon Adoption Fund, marking a significant milestone in bridging the gap between traditional finance and the transformative potential of blockchain technology.

Harnessing the Polygon Aggregation Layer (AggLayer), the Fund offers investors a secure and familiar gateway to Polygon-MATIC, the native token of Polygon's proof-of-stake (PoS) protocol. By leveraging TruFin's innovative TruStake liquid staking solution, the Fund seamlessly captures additional yield through liquid staking opportunities.

Tailored specifically to cater to the unique requirements of sovereign wealth funds, institutional funds, and private asset managers, the Fund recognizes the growing demand for decentralized security within the institutional investor community. This groundbreaking initiative underscores the growing appeal of the broader blockchain ecosystem among esteemed financial institutions.

Commenting on the Fund's genesis, Sebastien Guglietta, head of Laser Digital Asset Management, remarked, "Laser Digital Asset Management is steadfast in its mission to transform DeFi investment opportunities into investable TradFi solutions. By leveraging TruFin's cutting-edge technology and integrating it with Polygon's AggLayer, we are unlocking Polygon-Matic digital asset investment in a highly secure and efficient manner for institutional investors."

Matt Molloy, venture lead at WebN Group, the incubator behind TruFin, echoed Guglietta's sentiments, stating, "Our collaboration with Laser Digital in launching this Fund aligns seamlessly with our vision for the future of the digital asset ecosystem. The integration of Polygon's AggLayer technology has proven to be transformative, enabling us to offer a frictionless, secure, and institutionally-focused yield-generating investment platform."

Colin Butler, global head of institutional capital at Polygon, further emphasized the significance of the Fund, saying, "Staking MATIC plays a critical role in bolstering the resilience and security of the Polygon network. The participation of institutional investors in this Proof-of-Stake system is a testament to the network's strength and commitment to sustainable blockchain practices. This collaborative effort is instrumental in safeguarding the network's stability and propelling the Polygon ecosystem forward as a frontrunner in Web3 technology."

The Laser Digital Polygon Adoption Fund seamlessly merges traditional financial structures with the disruptive potential of blockchain technology, creating a compelling investment opportunity for discerning institutional investors. By integrating Polygon's highly performant network, the Fund leverages the Ethereum network's robust security and decentralization while tapping into TruFin's liquid staking solution to optimize yield generation.

Initially available in the United Kingdom, the Laser Digital Polygon Adoption Fund exemplifies the convergence of the established financial world with the transformative power of blockchain innovation, paving the way for a new era of financial inclusion and empowerment.

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