Laser Digital Launches Polygon Fund with Liquid Staking for Institutional Clients

Laser Digital Launches Institutionally Focused Liquid Staking Fund on Polygon

Laser Digital, the crypto-focused subsidiary of Japanese asset manager Nomura, has introduced the Laser Digital Polygon Adoption Fund in collaboration with TruFin. This fund targets institutional clients seeking exposure to Polygon’s native gas token, MATIC, and staking rewards.

Key Highlights of the Fund:

• Specifically designed for sovereign wealth funds, institutional funds, and private asset managers.
• Offers exposure to MATIC staking rewards higher than the industry average.
• Utilizes TruStake liquid staking solution for enhanced yield and token liquidity.
• Partnerships with Balancer and Chainlink to maximize TruMATIC token liquidity.

Benefits of the Fund:

The fund leverages the Polygon AggLayer to enhance liquidity and transaction speed by aggregating zero-knowledge proofs from connected blockchains. It prioritizes operational efficiency and security for institutional investors.

Future Prospects:

The fund will initially be available to investors in the United Kingdom after obtaining necessary registrations and regulatory approvals. Sebastien Guglietta, Head of Laser Digital Asset Management, aims to bridge DeFi investment opportunities with traditional finance solutions.

Impact on Polygon Network:

Colin Butler, Global Head of Institutional Capital at Polygon, believes involving institutional investors in staking will bolster the security of the Polygon network. Polygon, a prominent layer 2 scaling network for Ethereum, stands to benefit from increased institutional participation.

While liquid staking presents opportunities for DeFi, concerns about network centralization persist among industry leaders like Vitalik Buterin.