Polygon and Mirae Asset Securities Partner to Promote Security Tokenization
Mirae Asset Securities, one of South Koreaโs 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 intendsย to develop an infrastructure for tokenized securities. The consortium likewise includes other corporations 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 couldย accomplish $16 trillion in the next 15 years. Mirae Asset Securities intendsย to conduct joint research with Polygon Labs to create a dedicated platform for tokenized securities. The collaboration intendsย to encourage domestic and international tokenized securities networks, improve brand awareness, and establish interoperability between South Koreaโs financial systems and foreign counterparts.
Other Corporations Embracing Asset Tokenization with Polygon
Several asset management corporations 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 Unitedย States Government Money Fund, the first registered mutual fund in the Unitedย States to use blockchain for equity ownership. Polygon is likewise involved in Project Guardian, an asset tokenization experiment led by the Centralย Bank of Singapore. The practical applications of blockchain and tokenization democratize financial opportunities and causeย a difference in worldwide financial markets.
Hot Take
The partnership between Polygon and Mirae Asset Securities outlines the increasing adoption of security tokenization in the financial industry. As more corporations and institutions explore this trend, theย capacity for blockchain-based investment solutions grows. This collaboration not only speedย up the mass adoption of Webย 3.0 but likewise establishes interoperability and enhances the accessibility, security, and scalability of tokenized assets. Polygonโs engagementย in numerous tokenization initiatives positions it as a key player in shaping futureย ofย the worldwide financial markets.
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