Polkadot has introduced a capital markets division to connect traditional finance with its blockchain ecosystem, aiming to draw institutional interest as digital assets gain popularity. Announced on Tuesday, Polkadot Capital Group was established to meet the growing institutional demand for digital assets and the improving regulatory landscape in the U.S. Its goal is to facilitate institutions in exploring opportunities in asset management, banking, venture capital, exchanges, and over-the-counter trading. The division will highlight practical applications in decentralized finance, staking, and the burgeoning field of real-world asset (RWA) tokenization. David Sedacca, the division's lead, noted that they are actively seeking partnerships with asset managers and brokers. Although based in the Cayman Islands, the division has been influenced by recent U.S. regulatory advancements, including the GENIUS stablecoin act. Launched in 2020, Polkadot is currently the 24th-largest blockchain by market cap, valued at approximately $6.1 billion, and features a multichain architecture for interoperability. Read more AI-generated news on: https://app.chaingpt.org/news

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