UK asset manager Fasanara Capital launches tokenized money market fund

Odaily News Fasanara Capital, a UK-based asset management company with $4.5 billion in assets under management, has launched a tokenized money market fund (MMF) called FAST on the Polygon blockchain. The company’s target customer base is not the institutional sector, but the cryptocurrency sector – stablecoin issuers, Defi protocol treasuries, and cryptocurrency funds. The fund is only open to professional investors.