Fasanara unveils tokenised Money Market Fund on Polygon The Block – Crypto News

Fasanara, a London-based institutional investment management firm, has launched its first tokenised Money Market Fund, the ‘Fasanara MMF Token’ (FAST), held on the Polygon PoS (Proof of Stake) public blockchain.

Developed in collaboration with Apex Group, Tokeny, Chainlink, Fireblocks and XBTO, FAST offers investors a faster, more cost-effective, and transparent way to access money market investments.  

FAST integrates the stability of traditional money market investments with the operational efficiency of blockchain technology. By leveraging Polygon’s scalable infrastructure, FAST enables real-time settlement and open distribution, eliminating manual processes and broadening investor access. This digital approach streamlines subscriptions, redemptions, and ongoing fund management, providing investors with a seamless investment experience.

Francesco Filia, founder and CEO of Fasanara, said: “With FAST, we are not only reshaping the future of money market investments but also redefining how investors engage with financial markets. By harnessing blockchain technology, we provide an innovative and compliant investment solution that enables seamless access to liquidity, real-time processing and enhanced transparency – all while maintaining the rigor of traditional asset management practices.”

The launch of Fasanara’s first tokenised Money Market Fund represents a significant milestone for the firm, positioning it as a pioneer in technology-enabled investing. Through FAST, Fasanara is not only modernising fund management but also setting a new benchmark for digital innovation in asset management. By tokenising a stable asset class like a money market fund, Fasanara aims to redefine how investors engage with these investments, making them more accessible and adaptable to today’s digital-first economy.

FAST is structured using ERC-3643 smart contracts, ensuring regulatory compliance and operational flexibility at the token level. Apex Group, the fund’s administrator, uses Tokeny’s blockchain-based platform for transfer agency management. Security is enhanced through Fireblocks’ key management and wallet infrastructure, safeguarding on-chain operations. To further enhance the transparency, utility, and liquidity of FAST, Fasanara will employ the Chainlink standard, including Proof of Reserve and Data Feeds to verify AUM and bring NAV data on-chain, and intends to leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance connectivity and scalability across blockchain networks. To provide secure asset custody, XBTO’s regulated custodial division, Stablehouse, will act as custodian.

This comprehensive, blockchain-native infrastructure is purpose-built to meet the evolving needs of modern investors who seek greater transparency, speed, and liquidity. By bridging traditional finance and decentralised finance (DeFi), FAST is part of Fasanara’s strategic commitment to digital transformation in asset management, aligning with broader industry trends toward asset digitisation.

Peter Hughes, founder and CEO of Apex Group, said: “We are proud to partner with Fasanara in delivering this innovative fund. By leveraging a standardised framework for compliant tokenisation, we are enhancing operational efficiency, while ensuring seamless interoperability and distribution. This approach not only meets the growing demand for interoperable and on-chain solutions but also provides our clients with a future-ready platform for navigating the evolving financial landscape.”

Luc Falempin, CEO at Tokeny, added: “The market is reaching a new level of maturity, and leaders like Fasanara are setting the standard for the future of on-chain finance. We are thrilled to provide the platform that enables institutional-grade on-chain finance for this new ecosystem. With a token-centric approach, we ensure that tokens are interoperable on-chain with other applications, enforce all compliance rules in every transaction, and ensure, when necessary, that Fasanara and its fund administrator Apex Group have full control over FAST.‘’ 

Varun Paul, senior director and business lead for CBDC and Financial Market Infrastructure at Fireblocks, said: “We are thrilled to collaborate with Fasanara on this pioneering step toward the tokenisation of money market funds. FAST exemplifies how financial institutions can leverage blockchain technology to deliver greater efficiency, transparency, and security in traditional assets, all while adhering to rigorous compliance standards. Thanks to the seamless integration of Tokeny’s smart contract capabilities with Fireblocks’ secure infrastructure, we’re helping to redefine operational standards and facilitate seamless digital asset management for the next generation of financial products.”

Angie Walker, global head of banking and capital markets at Chainlink, said: “We’re excited that Fasanara is adopting the Chainlink standard to bring AUM verifications and NAV data on-chain. This will show how Chainlink’s essential infrastructure for tokenised assets can help leading financial institutions enhance the utility, accessibility, and transparency of assets on-chain while paving the way for cross-chain interoperability through protocols like CCIP, accelerating the widespread adoption of tokenised assets.” 

Philippe Bekhazi, CEO and founder of XBTO, said: “We are proud to leverage our bankruptcy-remote digital asset services platform to provide unparalleled security for FAST. This partnership with Fasanara not only underscores our commitment to asset protection but also sets a new standard for safeguarding digital assets within a tokenised framework. By utilising blockchain’s efficiency, we are advancing secure, transparent access to traditional financial products in a rapidly evolving market.”

Colin Butler, VP of Institutional Capital at Polygon Labs, said: “Fasanara’s launch of the FAST token on Polygon PoS is a powerful example of how blockchain is transforming traditional finance. By leveraging Polygon PoS scalable infrastructure, Fasanara is creating a pathway for real-time settlement, transparency, and broader accessibility in money market funds – benefits that are only possible through blockchain. This milestone marks another step forward in merging DeFi with established financial products, opening up new opportunities for investors globally.”

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