cryptonewsz.com
Polygon Labs is pleased to announce its membership in the Tokenized Asset Coalition (TAC). Polygon Labs was among the sixteen new members accepted by the TAC from a pool of over 300 applicants. Polygon Labs will be one of sixteen members who plan to move more than $1 trillion in assets on-chain.
In addition to advocating for the adoption of public blockchains, the Tokenized Asset Coalition promotes asset tokenization and institutional DeFi. It has fundamentally altered how capital is invested, accumulated, and managed on-chain. This improves the transparency, fairness, and openness of the mechanism to the investors’ benefit.
Through its association with the Tokenized Asset Coalition, Polygon Labs is contributing to the development of an improvised, transparent, and equitable financial mechanism that will fundamentally transform on-chain finance.
Polygon Labs has made numerous contributions to the tokenized assets industry over the years, including integrating and collaborating with Franklin Templeton, JPMorgan, Hamilton Lane, Securitize, FIS, and Ondo Finance, to name a few.
The unique viewpoint that Polygon Labs brings to the TAC is rooted in its experience as one of the leading global enterprise-level platforms for the mainstream adoption of blockchain technology by Tier-1 enterprises. With the addition of the Polygon brand to its already excellent list of members, the TAC will be able to achieve the size necessary to play a pivotal role in the industry’s mainstream ascent.
Polygon Labs, a new member of the TAC, will work toward the long-term objective of having the world’s financial sector operate on blockchain rails by developing the most secure, institutional-grade scaling solutions based on zero knowledge technology.