Polygon

Key Takeaways: Calastone Taps Polygon to Transform Fund Distribution Calastone, the global funds network, has partnered with Polygon to launch tokenized fund share classes, marking a major step in blockchain adoption for institutional fund operations. The integration allows Calastone’s Tokenised Distribution platform to operate on Polygon’s Ethereum Layer 2 network, enhancing efficiency, transparency, and scalability…

Key Takeaways: Blockchain network Polygon and fintech startup Anq are collaborating on a pioneering sovereign-backed stablecoin model in India. Tentatively named the Asset Reserve Certificate (ARC), this initiative aims to create a digital asset fully backed by Government of India securities (G-Secs) and Treasury Bills, potentially transforming India’s digital financial landscape. Sovereign-Backed Stability Unlike typical…