Polygon Labs is pleased to announce its membership in the Tokenized Asset Coalition (TAC). Polygon Labs was one of sixteen new members accepted by the TAC from a pool of more than 300 applicants. Polygon Labs will be one of sixteen members planning 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 changed the way capital is invested, accumulated and managed in the chain. This improves the transparency, fairness and openness of the mechanism to the benefit of the investors.
Through its partnership 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 financing.
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 point of view 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 stellar membership list, the TAC will be able to achieve the size necessary to play a critical role in the industry’s mainstream rise.
Polygon Labs, a new member of the TAC, will work towards the long-term goal of putting the world’s financial sector on blockchain rails by developing the most secure, institutional-scale solutions based on zero-knowledge technology.