Polygon Labs announces a collaboration with Cypher Capital aimed at attracting institutional investors from the Middle East to the POL token.
Polygon and Cypher Capital Partnership
Polygon Labs is partnering with Cypher Capital to support institutional investors in the Middle East. These investors will be able to access the POL token, which is a key component of Polygon's ecosystem.
Institutional Investment Market
According to a recent PwC report, 80% of Middle Eastern family offices are actively exploring digital assets, indicating a growing interest in blockchain exposure that goes beyond speculation.
Updates from Polygon Foundation
Polygon Foundation has proposed PIP-57, aimed at improving flexibility in the POL migration process. This update allows users to directly transfer POL tokens to another address, simplifying asset management.
The collaboration between Polygon Labs and Cypher Capital showcases the company's commitment to expanding access to its assets, which may contribute to growing interest in blockchain and digital assets in the region.
