Fasanara Capital, a London-based investment manager, has launched its tokenized money market fund on Polygon. The asset manager, which boasts more than $4 billion in assets under management, announced that the new product, called the “Fasanara MMF Token,” or FAST, is now available on Polygon PoS (ex-MATIC).
Fasanara partnered with Chainlink, Apex Group, Tokeny, and Fireblocks to launch FAST, according to an announcement on January 21. FAST combines the benefits of traditional money market funds with blockchain technology, with Polygon PoS playing a critical role in enabling scalability and real-time settlement. The launch is part of a larger trend of tokenization that has led to growing adoption of real-world assets transferred to the blockchain.
According to Fasanara founder and CEO Francesco FILIA, FAST goes beyond simply using blockchain technology. It is a money market fund that uses this innovation to provide an investment solution that combines the strengths of both tokenized and traditional assets. The firm noted that tokenizing a money market fund makes investing more accessible and streamlined for investors.
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