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Nomura Partners with TruFin to Launch Laser Digital Polygon Adoption Fund
Nomura’s digital asset subsidiary, Laser Digital, has announced a partnership with WebN-incubated blockchain technology TruFin to establish a new business venture. The collaboration involves the launch of the Laser Digital Polygon Adoption Fund, which aims to leverage Polygon’s Aggregation Layer (AggLayer) to transform the network’s liquidity potential in the digital economy into an investment opportunity in the analog sector.
Leveraging Polygon’s EVM-Compatible Sidechains
As one of the most popular EVM-compatible Ethereum sidechains, Polygon’s proof of stake (PoS) protocol and its native gas and staking token, Polygon-MATIC, will be made accessible to institutional investors through the Fund. Additionally, the Fund will utilize TruFin’s TruStake liquid staking system to generate native staking returns.
Staking, a process that allows participants to earn income by validating cryptocurrency transactions, serves as the cornerstone of the Fund’s strategy to offer traditional investors a familiar interface while ensuring security for the Polygon protocols. Designed with institutional funds, private asset managers, and sovereign wealth funds in mind, the Fund highlights the evolving recognition of the advantages and necessity of decentralized security within the institutional investment landscape.
Enhancing Yield through Liquid Staking
The Fund is poised to enhance its yield by incorporating liquid staking options using the underlying TruMATIC token, enabled by TruFin’s Trustake technology. TruStake stands out as a liquid staking system tailored for institutional investors, emphasizing enterprise-grade security and aiming to provide a higher native yield compared to direct staking, which typically hovers around 5%.
Notably, the TruStake vault has delivered an impressive historic native MATIC yield of over 5% APY over the past nine months, consistently outperforming other staking platforms such as Lido.
Facilitating Institutional Adoption and Innovation
Institutional investors seek seamless avenues to engage in passive staking with the potential to leverage tokens for increased DeFi income. To meet this demand, leading DeFi protocols like Chainlink and Balancer have partnered with TruFin to enhance the utility of the TruMATIC token.
By integrating the Polygon AggLayer, the Fund aims to achieve high liquidity, robust cryptographic security, and near-instantaneous cross-chain transactions by harnessing the aggregation of Zero-Knowledge (ZK) proofs from all interconnected chains. This integration, built upon the Ethereum network’s security and decentralization features, is expected to bolster the Fund’s operational efficiency within a highly performant network.
Expanding Institutional Reach
Operated under Laser Digital’s institutional regulatory framework, the Fund will be available to institutional investors in all qualifying jurisdictions, commencing with the United Kingdom once requisite registrations are finalized.
The Laser Digital Polygon Adoption Fund represents a pioneering initiative that fuses the innovation of blockchain technology with traditional financial structures, offering institutional investors a gateway to fully realize Polygon’s potential.
With a strategic blend of technological expertise and financial acumen, TruFin and Laser Digital are spearheading efforts to drive market adoption and foster innovation within the cryptocurrency ecosystem, aligning with the overarching trend of increasing institutional embrace of Polygon.
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