Polygon and Mirae Asset Securities Partner to Promote Security Tokenization
Mirae Asset Securities, one of South Korea’s largest financial groups, has joined forces with Polygon to establish a dedicated platform for the issuance of security tokens. Polygon will serve as a technical advisor in the Mirae Asset Security Token Working Group consortium, which aims to develop an infrastructure for tokenized securities. The consortium also includes other companies such as Linger Studio and Coin Plug, as well as outside players like SK telecom and Hana Financial Group.
The Growing Trend of Security Tokenization
The tokenization of securities is gaining popularity and investment from financial institutions and cryptographic networks. Bank of America predicts that this market could reach $16 trillion in the next 15 years. Mirae Asset Securities plans to conduct joint research with Polygon Labs to create a dedicated platform for tokenized securities. The collaboration aims to promote domestic and international tokenized securities networks, improve brand awareness, and establish interoperability between South Korea’s financial systems and foreign counterparts.
Other Companies Embracing Asset Tokenization with Polygon
Several asset management companies have partnered with Polygon to develop asset tokenization solutions. Hamilton Lane allowed its investors to access its Equity Opportunities Fund V through cryptographic tokens on Polygon. Franklin Templeton Institution launched the Franklin OnChain U.S. Government Money Fund, the first registered mutual fund in the US to use blockchain for equity ownership. Polygon is also involved in Project Guardian, an asset tokenization experiment led by the Monetary Authority of Singapore. The practical applications of blockchain and tokenization democratize financial opportunities and make a difference in global financial markets.
Hot Take
The partnership between Polygon and Mirae Asset Securities highlights the increasing adoption of security tokenization in the financial industry. As more companies and institutions explore this trend, the potential for blockchain-based investment solutions grows. This collaboration not only accelerates the mass adoption of web3 but also establishes interoperability and enhances the accessibility, security, and scalability of tokenized assets. Polygon’s involvement in various tokenization initiatives positions it as a key player in shaping the future of global financial markets.
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