Mirae Asset Securities, which manages $500 billion in assets, has collaborated with Polygon (MATIC) for tokenized securities.
Collaborations on the Polygon side continue to come one after another. Mirae Asset Securities, a South Korea-based investment management company, opened the curtains of the blockchain world in cooperation with Polygon. The investment firm is known for being headquartered in South Korea and managing over $500 billion in assets.
Mirae Asset Securities, South Korea’s largest financial institution, aims to develop tokenized securities and accelerate Web3 adoption in collaboration with Polygon.
South Korea’s largest financial institution turns to Polygon
A new collaboration has been made at Polygon (MATIC). According to the press release, Mirae Asset Securities, one of South Korea’s largest asset managers, will use the Polygon network.
Mirae Asset Securities is cited as one of the largest financial institutions managing $500 billion in assets. With this step taken by the company for Polygon, the compatibility of traditional financial products with blockchain will be increased.
Polygon Labs will serve as an advisor to the Mirae Asset Security Token Working Group, which creates infrastructure to issue, clear and distribute tokenized securities, according to a release shared by the giant asset manager.
In July, Polygon announced that it was collaborating with the Bank of Italy in the field of DeFi. Backed by powerful institutions and organizations, Polygon’s latest move has become South Korea’s giant asset manager.
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