Polymesh network’s native asset POLYX has seen a significant 150% rise in the last three days as BlackRock steps into the tokenization of Real World Assets (RWAs). This surge has elevated the price of POLYX to $0.50 and pushed its market value over $400 million, indicating a substantial increase in investor interest and market sentiment surrounding the project.
BlackRock Triggers the Surge
The current uptrend in POLYX’s price follows BlackRock’s launch of the “USD Corporate Digital Liquidity Fund” represented by the BUIDL token on the Ethereum Blockchain, which has sparked increased demand for RWA tokens in the cryptocurrency market. Alongside POLYX, interest in RWA-focused financial solutions such as Centrifuge (CFG) and Ondo (ONDO) has grown, with each experiencing an average rise of over 30%.
As a blockchain network explicitly designed for regulated securities, Polymesh is emerging as a pioneer in the evolving world of RWA tokenization. Its role as a conduit for transactions involving tokenized assets demonstrates its suitability in addressing challenges associated with traditional processes in the finance sector.
At its core, Polymesh is an enterprise-grade permissioned Blockchain network specifically designed for regulated assets, aiming to facilitate transactions and foster innovation in the financial market. The integration of built-in financial principles ensures seamless Blockchain transactions with minimal fixed costs, while developers can leverage the platform to create decentralized applications (dApps), encouraging innovation and ecosystem growth.
Polymesh Private Makes a Big Impact
On the other hand, the recent launch of Polymesh Private underscores the project’s commitment to offering specialized solutions for businesses operating in the RWA tokenization space. This private version of the network’s public supervised Blockchain offers businesses the flexibility to operate on a private Blockchain network initially, with the option to seamlessly transition to the public network.
Graeme Moore, Head of Tokenization at Polymesh Association, emphasized the significance of Polymesh Private in meeting the needs of banks and major financial institutions, stating that it provides a forward-looking technology stack for RWA tokenization.
