Mirae Asset Securities and Polygon join forces to establish a specialized platform for security token issuance and management

Mirae Asset Securities and Polygon join forces to establish a specialized platform for security token issuance and management

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 intends 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.

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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  accomplish $16 trillion in the next 15 years. Mirae Asset Securities intends to conduct joint research with Polygon Labs to create a dedicated platform for tokenized securities. The collaboration intends to encourage domestic and international tokenized securities networks, improve brand awareness, and establish interoperability between South Korea’s 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 United States Government Money Fund, the first registered mutual fund in the United States to use blockchain for equity ownership. Polygon is likewise involved in Project Guardian, an asset tokenization experiment led by the Central Bank of Singapore. The practical applications of blockchain and tokenization democratize financial opportunities and cause a difference in worldwide financial markets.

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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, the  capacity for blockchain-based investment solutions grows. This collaboration not only speed up the mass adoption of Web 3.0 but likewise establishes interoperability and enhances the accessibility, security, and scalability of tokenized assets. Polygon’s engagement in numerous tokenization initiatives positions it as a key player in shaping future of the worldwide financial markets.

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