Home etfexpress.com Osprey Funds launches first Polygon fund in US

Osprey Funds launches first Polygon fund in US

Digital asset management firm Osprey Funds, LLC, has launched its fifth investment product of the year ― the Osprey Polygon Trust. 

The firm writes that this is the first US fund to invest exclusively in MATIC, the native token of the Polygon network.
With a market capitalisation of over USD7 billion, Polygon is a protocol and framework for developing independent and interoperable blockchains on top of Ethereum. Osprey writes that the network offers developers a suite of tools to build projects that are fast, customisable and cost-effective while leveraging Ethereum’s robust security layer. Polygon is fast becoming the tool of choice for exciting new launches in decentralised finance (DeFi), non-fungible tokens (NFTs) and gaming, Osprey says.

“Polygon is a disruptive Layer-2 technology that gains from Ethereum’s secure network while mitigating common blockchain pain points, such as high gas fees and slow transactions,” says Greg King, CEO of Osprey Funds. “We’re excited to offer investors a new way to tap into the growing Ethereum market via the Osprey Polygon Trust.”

The Osprey Polygon Trust is currently available to accredited investors for subscription with a USD10,000 minimum investment. The sponsor intends to pursue listing the fund on the OTCQX market as soon as possible and has also agreed to waive the management fee for all investors until January 2023.

Osprey Funds’ suite of digital asset investment products also includes the Osprey Bitcoin Trust (OBTC), the Osprey Polkadot Trust, the Osprey Algorand Trust and the Osprey Solana Trust.

newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFexpress.com. This excerpt/article was pulled from their RSS feed; click here to view the original. Please note that on occasion, the RSS feed will not have the author. When this happens this site defaults the author to "News". Make no mistake, this excerpt/article was not created by newETFs.io, it was simply shared with you.