Fasanara Capital, a UK-based asset manager, has announced the launch of FAST, a tokenized money market fund based on the Polygon blockchain. The fund will focus on the crypto industry and target stablecoin issuers, DeFi repositories, and crypto funds. Fasanara plans to offer a 4.7% return and the fund portfolio will include Treasury bonds, long-term Treasury bonds, other money market funds and commercial paper.
According to The Data Nerd, three hours ago, investment fund Fasanara Capital withdrew 1,600 ETH (about $6.20 million) from Bybit and Cooper. Now it has 5,383 ETH (about $20.16 million) in its wallet.