In a bid to bring more institutional investors in the Middle East to the blockchain space, Polygon Labs has collaborated with Cypher Capital. The core development team of the Polygon Network confirmed the partnership on Friday through a post on its official X page.
According to the team, Cypher Capital will support its structured strategies to expand institutional access to the Polygon ecosystem. In the post, the layer 2 network described its new partner as a global investment firm with a strong commitment to advancing virtual assets and web3 innovations.
As part of the initiative, the project promises more exposure and yield for Middle East investors, alongside plans to boost its growth and security. Also, the firm went on to narrate how it offers institutional clients direct participation on one of the most adopted blockchain networks among web3 solutions.
This unique offer, according to Polygon Labs aligns long-term capital with long-term protocol value amidst the growing maturity of the crypto space as a hot investment hub. With the support, the blockchain network is determined to simplify digital asset exposure for investment managers, promising high efficiency.
As part of the collaboration, Polygon Labs said it will introduce yield generation strategies by tapping into Polygon’s economic engine. The partners plan to organize exclusive events and engage institutional adopters to raise the popularity of POL.
Side notes
Similarly, Cypher Capital will infuse capital to support the ecosystem’s strategies to enhance liquidity on major fronts. So far, the global investment firm has acquired a noticeable portion of Polygon’s native token, $POL (previously known as MATIC).
According to Coinmarketcap, $POL is currently trading at $0.2703 and it is currently enduring a poor run as its value has plunged by 5% in the last seven days. It is worth mentioning that the partnership with Cypher Capital surfaced shortly after Sandeep Nailwal, one of the early contributors of Polygon Network, emerged as the first CEO of the Polygon Foundation.
Binbits reported that his emergence brought an end to the decentralized decision-making process of the project. Furthermore, Nailwal emphasized how the new leadership takeover is important to realign the project with a strong focus on trending concepts like stablecoins and RWAs.
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