From Nasdaq:

Institutional investment in blockchain technology is expected to surge in 2024, with the zero-knowledge Ethereum Virtual Machine (zkEVM) enabling tokenization of real-world assets and transforming the global financial system. Mainnet-level security, scalability, and liquidity potential will drive mainstream adoption of blockchain. The zkEVM allows for smart contract transactions in a zero-proof environment, offering improved security and rapid settlement times at lower costs.

Blockchain tech is set to create a “chain of chains,” connecting different applications and enabling seamless user experiences across the ecosystem. The zkEVM’s liquidity advantage allows for integration of various applications and custom-tailored blockchain architectures. Developers can focus on optimizing for a single use case and elevate application layer capabilities, broadening the blockchain ecosystem and granting institutional investors access to high liquidity and security benefits.

The zkEVM facilitates near-instant settlements and seamless liquidity transfers between chains, supporting institutional-scale liquidity aggregation. This will enable the development of tokenization products and sophisticated financial tools like derivatives. Major technological innovations, driven by the aggregation of liquidity in the space, are necessary for this to happen, providing an efficient management of resources within a single layer.

Hamilton Lane and Brevan Howard recently became users of the real-world asset tokenization platform Libra, developed with the Polygon Chain Development Kit (CDK). This permissionless software enables developers to create new chains with varying degrees of decentralization, security, and functionality, allowing for customizability to match users with suitable financial instruments. The ecosystem aims to enhance the developer experience and provide security and safety backed by mathematical proof, reducing operational costs and integrating legacy systems in a compliant and secure manner.



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