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 largely known for serving investors and asset managers seeking access to tokenized investment funds.
In January 2023, Hamilton Lane decided to use Securitize tokenization platform, allowing investors to gain access to the first-ever private credit fund run entirely via tokenization. Earlier in November 2022, JPMorgan and Singaporean bank DBS have chosen Polygon PoS as the network to tokenize Singapore government securities and the Singapore dollar.
Polygon Labs also recently updated information on the development of Polygon zkEVM, a zero-knowledge proof system that increases the efficiency of transactions on the Ethereum network. With Polygon’s new development, zkEVM can process multiple off-chain transactions before combining them into a single proof to be sent to the Ethereum mainnet.