Skip to content

Fasanara Capital Unveils FAST Tokenized Fund with Chainlink and Polygon  

Blockchain CFN
  • Fasanara Capital has launched a tokenized money market fund, FAST, on the Polygon PoS network, offering transparency and real-time settlements. 
  • FAST combines traditional finance and blockchain benefits, supported by Chainlink’s proof-of-reserve and Tokeny’s on-chain finance infrastructure. 
  • This comes as the fund has integrated with Polygon PoS for scalability, accessibility, and efficiency to boot in the world of tokenized real-world assets. 

Fasanara investment based in London and managing over $4 billion in assets has introduced a tokenized money market fund on the Polygon blockchain. The new product, Fasanara MMF Token or FAST, is designed to combine the best of traditional finance with blockchain technology to give investors easy access and real-time settlements. 

The deployment of FAST is a joint effort with other stakeholders in the industry including Chainlink, Tokeny, Fireblocks, Apex Group, and Fasanara Capital. This is where Chainlink offers key features including proof-of-reserve verification and cross-chain communication and Tokeny for on-chain fund management. Apex Group has been tasked with fund administration, and Fireblocks delivers advanced security through its key management and wallet solutions. 

Blockchain-Enabled Investment Solutions 

Polygon’s PoS network plays a pivotal role in enabling FAST’s scalable infrastructure. This setup facilitates real-time transaction settlements, broader accessibility, and enhanced transparency. According to Francesco Filia, Fasanara Capital’s CEO, the fund transcends typical tokenization by merging the benefits of digital and traditional assets into one streamlined solution. 

Colin Butler, vice president of institutional capital at Polygon Labs, emphasized the significance of this development. He noted that FAST exemplifies how DeFi can merge with traditional financial products, creating new opportunities for investors worldwide. 

Tokenization Driving Accessibility 

By leveraging blockchain technology, FAST simplifies the investment process for money market funds, traditionally considered complex and limited to institutional players. The integration of Chainlink’s data feeds ensures accurate and real-time verification of assets under management, enhancing trust and reliability. 

The launch of FAST aligns with the growing trend of tokenizing real-world assets. It discusses how blockchain is disrupting conventional finance by tackling issues and expanding market inclusion. This milestone reveals that decentralized finance can improve the current financial systems and offer new investment opportunities for users from across the world. 

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Shares:

Related Posts

market news contact