Fasanara Capital Launches Tokenized Money Market Fund on Polygon

Fasanara Capital, a prominent London-based investment manager, has introduced its tokenized money market fund, dubbed the “Fasanara MMF Token” (FAST), on Polygon PoS.

The asset manager, with over $4 billion in assets under management, collaborated with esteemed partners such as Chainlink, Apex Group, Tokeny, and Fireblocks to bring FAST to life.

Key Features and Benefits of FAST

FAST combines the benefits of traditional money market funds with the advantages of blockchain technology, including enhanced scalability and real-time settlements. This launch marks a significant milestone in the growing trend of tokenization, where real-world assets are being brought on-chain.

According to Fasanara founder and CEO Francesco Filia, FAST is not merely a tokenized money market fund but a revolutionary investment solution that leverages blockchain innovation to deliver a unique combination of traditional and tokenized assets.

Streamlined Investing and Accessibility

The tokenization of the money market fund enables more accessible and streamlined investing for investors. By leveraging Polygon PoS’s scalable infrastructure, Fasanara is creating a pathway for real-time settlement, transparency, and broader accessibility in money market funds – benefits that are only possible through blockchain.

“By leveraging Polygon PoS scalable infrastructure, Fasanara is creating a pathway for real-time settlement, transparency, and broader accessibility in money market funds – benefits that are only possible through blockchain. This milestone marks another step forward in merging DeFi with established financial products, opening up new opportunities for investors globally.”

– Colin Butler, Vice President of Institutional Capital at Polygon Labs

Partnerships and Security

Apex Group will serve as the fund’s administrator, while Tokeny will manage agency transfers. Fireblocks will provide top-notch security through its key management and wallet solutions. Additionally, FAST will utilize Chainlink’s proof-of-reserve and data feeds for verifying assets under management, ensuring seamless cross-chain connectivity and scalability.

Key Takeaways:

  • FAST combines traditional money market funds with blockchain technology for enhanced scalability and real-time settlements.
  • The tokenization of the money market fund enables more accessible and streamlined investing for investors.
  • FAST leverages partnerships with leading industry players to ensure security, transparency, and broader accessibility.

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