Fasanara Capital Launches First Tokenized Money Market Fund, FAST, on Polygon Blockchain
Fasanara Capital Ltd (“Fasanara”), a London-based institutional investment manager and global leader in digital finance, with over $4 billion in assets under management, has launched its inaugural tokenized Money Market Fund, the “Fasanara MMF Token” (“FAST”). This fund is hosted on the Polygon PoS (Proof of Stake) blockchain and developed in collaboration with Apex Group, Tokeny, Chainlink, Fireblocks, and XBTO. FAST offers investors a more efficient, cost-effective, and transparent way to access money market investments.
By combining the stability of traditional money market funds with the operational advantages of blockchain technology, FAST leverages Polygon’s scalable infrastructure to provide real-time settlement and open distribution, removing manual processes and expanding investor access. This digital approach streamlines subscriptions, redemptions, and fund management, creating a smooth experience for investors.
“We are not only reshaping the future of money market investments but also redefining how investors engage with financial markets. ,” said Francesco Filia, Founder and CEO of Fasanara. “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 FAST marks a significant milestone for Fasanara, positioning the firm as a trailblazer in technology-enabled investing. Through FAST, Fasanara aims to modernize fund management and set a new digital innovation benchmark for asset management. Tokenizing a traditionally stable asset class like a money market fund, Fasanara is making these investments more accessible and adaptable to today’s digital-first economy.
FAST utilizes ERC-3643 smart contracts to ensure regulatory compliance and operational flexibility at the token level. Apex Group serves as the fund’s administrator, using Tokeny’s blockchain-based platform for transfer agency management. Fireblocks enhances security with key management and wallet infrastructure to protect on-chain operations. Additionally, Chainlink’s Proof of Reserve and Data Feeds verify AUM and bring NAV data on-chain, while Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will be used to improve connectivity and scalability across blockchain networks. For secure asset custody, XBTO’s regulated custodial division, Stablehouse, acts as custodian.
This blockchain-native infrastructure is purpose-built to meet the needs of modern investors, offering greater transparency, speed, and liquidity. FAST bridges traditional finance and decentralized finance (DeFi), reinforcing Fasanara’s commitment to digital transformation in asset management.
“By leveraging a standardized framework for compliant tokenization, we are enhancing operational efficiency, while ensuring seamless interoperability and distribution,” said Peter Hughes, Founder and CEO of Apex Group
. “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
,” he 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,” said Luc Falempin, CEO of Tokeny.
“We are thrilled to collaborate with Fasanara on this pioneering step toward the tokenization of money market funds,” expressed Varun Paul, Senior Director and Business Lead for CBDC and Financial Market Infrastructure at Fireblocks
. “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,” Varun added.
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 tokenized framework. By utilizing 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, added, “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”.
