Polygon's Growing Edge in Digitizing Real-World Assets (RWAs)

IconCryptoNewsTerminal Staff19 Jul, 2024

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Polygon's Growing Edge in Digitizing Real-World Assets (RWAs)

Polygon, a leading blockchain network, has made significant strides in the digitization of real-world assets (RWAs), with its Proof-of-Stake (POS) system now second only to Ethereum in terms of RWA value created. Polygon co-founder Sandeep Nailwal's recent tweet highlights this accomplishment, emphasizing the growing adoption of Polygon for RWA-related activities. Notable examples of Polygon's success in this area include CDP, an Italian state-owned investment bank, issuing a €25 million digital bond on Polygon. Furthermore, Intesa Sanpaolo, Italy's largest banking group, has also leveraged Polygon for digital bond issuance. Polygon's user-friendly platform, low transaction fees, and commitment to scalability make it an attractive choice for institutions seeking to digitize RWAs. As the demand for tokenizing real-world assets continues to grow, Polygon is well-positioned to play a dominant role in this rapidly evolving space.

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