POLYX, the main asset of the Polymesh network, has gained 150% in the past three days, reaching $0.50 and raising its market value to over $400 million. This surge indicates increased investor and market interest in the project.
The Impact of BlackRock and Increased Interest in RWA Tokens
The launch of the USD Corporate Digital Liquidity Fund represented on the Ethereum Blockchain by BlackRock is considered the main reason for the price increase of POLYX. This step has led to increased demand for RWA tokens in the cryptocurrency market and caused the values of other RWA-focused financial solutions such as Centrifuge (CFG) and Ondo (ONDO) to rise by over 30%.
Polymesh is a specially designed blockchain network for regulated securities and plays a leading role in the field of RWA tokenization. Overcoming the challenges of traditional financial processes, this network provides an effective transaction channel for tokenized assets.
Polymesh is a permissioned blockchain network for regulated assets and aims to discover innovative opportunities in the financial market. It offers seamless blockchain transactions at minimal cost and provides developers with the opportunity to create decentralized applications (dApps) to contribute to the growth of the ecosystem.
Polymesh Arouses Interest in the Private Sector
The launch of Polymesh Private emphasizes the commitment to provide specialized solutions to businesses operating in the field of RWA tokenization. This private network version offers flexibility for businesses to work on a customized blockchain network and provides the option of transitioning to a public network. Graeme Moore, head of tokenization at Polymesh Association, highlighted the importance of meeting the needs of banks and major financial institutions, stating that it offers a future-oriented technology for RWA tokenization.
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