Fasanara Capital Unveils Tokenized Money Market Fund on Polygon
Fasanara Capital, a London-based asset manager with over $4 billion in assets under management, has announced the launch of its innovative tokenized money market fund (MMF), named FAST (Fasanara MMF Token). The fund is live on Polygon PoS (formerly MATIC), combining blockchain technology with traditional investment solutions to redefine accessibility and efficiency in the financial market.
Revolutionizing Money Market Funds with Blockchain
The FAST token leverages Polygon PoS for scalability, real-time settlements, and transparency, representing a significant step in the tokenization of traditional assets. By harnessing blockchain technology, FAST delivers a more accessible and streamlined investment solution, aligning with the growing trend of bringing real-world assets on-chain.
Collaborative Effort with Industry Leaders
The launch of FAST involves partnerships with key blockchain and financial infrastructure providers:
- Chainlink (LINK):
- Utilizing proof-of-reserve and data feeds to verify assets under management.
- Enabling cross-chain connectivity with its cross-chain interoperability protocol.
- Apex Group:
- Serving as the fund’s administrator, ensuring compliance and operational efficiency.
- Tokeny:
- Managing agency transfers via its on-chain finance infrastructure platform.
- Fireblocks:
- Providing robust security through advanced key management and wallet solutions.
Bridging DeFi and Traditional Finance
According to Francesco Filia, Fasanara Capital’s CEO, FAST is more than a blockchain-based product.
“It combines the strengths of traditional and tokenized assets to deliver a seamless investment solution.”
Colin Butler, VP of Institutional Capital at Polygon Labs, highlighted the broader impact:
“By leveraging Polygon PoS, Fasanara paves the way for real-time settlement, broader accessibility, and transparency in money market funds, unlocking new opportunities for investors globally.”
Tokenized Assets: A Growing Trend
The launch of FAST reflects a broader industry shift toward tokenizing real-world assets. This move integrates DeFi infrastructure with established financial products, enabling:
- Scalability through blockchain networks.
- Enhanced security and transparency via decentralized technologies.
- Global investor accessibility, removing traditional barriers to entry.
Conclusion
The introduction of Fasanara’s FAST token on Polygon PoS marks a significant milestone in the fusion of decentralized finance and traditional investment solutions. With cutting-edge infrastructure provided by Chainlink, Apex Group, Tokeny, and Fireblocks, FAST sets a new benchmark for tokenized money market funds, offering global investors a seamless, secure, and transparent pathway to modernized financial products.
Stay tuned for more developments as the financial industry continues to embrace blockchain technology.