Major funds Brevan Howard and Hamilton Lane have joined forces to use the Polygon Chain Development Kit (CDK) to launch the Libre project, a specialized RWA (tokenized real assets) within the Polygon ecosystem. The Polygon project is a sidechain on Ethereum and is best known for serving investors and asset managers seeking access to tokenized mutual funds.
In January 2023, Hamilton Lane decided to use Securitize’s tokenization platform, allowing investors to access the first-ever private credit fund managed entirely through tokenization. Earlier in November 2022, JPMorgan and Singapore bank DBS selected Polygon PoS as the network to tokenize Singapore government bonds and the Singapore dollar.
Polygon Labs also recently updated information about the development of Polygon zkEVM, a zero-knowledge proof system that increases the efficiency of transactions on the Ethereum network. Polygon’s new development allows zkEVM to process multiple off-chain transactions before combining them into a single proof that is sent to the Ethereum mainnet.