Fasanara Capital Ltd (“Fasanara”), a London-based institutional investment manager and global leader in digital finance with $4.5 billion in assets under management, has embraced the ERC-3643 “T-REX” standard to tokenize its Money Market Fund, the “Fasanara MMF Token” (“FAST”), starting on the Polygon PoS (Proof of Stake) public blockchain.
FAST, developed in collaboration with ERC-3643 Association members Polygon, Apex Group, Tokeny, and Chainlink, makes money market funds faster, more affordable, and more transparent for investors. It offers peer-to-peer transfers, instant T+0 settlement, real-time NAV tracking, and seamless portability across applications.
As the stablecoin market reached an all-time high of $207.608 billion in mid-January, tokenized MMFs are emerging as a top priority for asset managers. Stablecoin issuers require liquid and stable collateral. Moreover, DeFi treasuries also seek secure on-chain assets, while institutional crypto investors demand yield opportunities for their stablecoin holdings. Tokenized MMFs are uniquely equipped to address these critical needs.
Unlike many traditional asset managers new to digital asset finance, Fasanara brings over 13 years of experience in the field, having facilitated $250 billion in crypto trading volume in 2024 alone. With its presence across DeFi protocols like Aave and Uniswap and its FCA-regulated status, Fasanara is uniquely positioned to deliver a robust tokenized MMF.
Francesco Filia, Founder and CEO of Fasanara, said: “Standardization is critical for digital assets to thrive. The open-source ERC-3643 token protocol provides the framework we need to ensure compliance, interoperability, and scalability, enabling us to tokenize assets with confidence while delivering value to our investors.”
ERC-3643, built on the widely adopted ERC-20 standard, adds a compliance layer that ensures assets remain interoperable while meeting regulatory requirements. Unlike other tokenized securities that only validate compliance at subscription and redemption, or simply whitelist wallet addresses, ERC-3643 enforces dynamic, on-chain compliance at every transaction. Only qualified investors holding valid on-chain qualification proofs issued by the delegated compliance agent can hold and transfer tokens.
Dennis O'Connell, President of ERC3643 Association, added: “The ERC-3643 T-REX framework embeds compliance directly into FAST tokens, giving Fasanara full control over investors and token transfers on a public blockchain. This standard is crucial for scaling an interoperable ecosystem. We are proud that Fasanara partners with our members like Polygon, Tokeny, Chainlink, and Apex to leverage this standard to bring world-class institutional use cases to market, showcasing the potential of tokenization through their dedication and expertise.”
With an active ERC-3643 ecosystem, Fasanara effortlessly connected with trusted partners like Polygon, Tokeny, Fireblocks, Chainlink, and Apex Group, showcasing how standardization works like a universal plug-and-play system. Just as Lego pieces fit together to create endless possibilities, ERC-3643 allows FAST tokens to seamlessly integrate with other ERC-20 applications. This enables smooth entry into decentralized finance (DeFi) ecosystems, making it easy to add new features, services, and innovations without friction.
FAST represents a transformative step for money market funds, combining the advantages of blockchain technology with the compliance and standardization needed to scale. By leveraging ERC-3643, Fasanara has set a precedent for how tokenized MMFs can deliver accessibility, efficiency, and interoperability without compromising security or regulatory requirements.
For more information, visit https://www.fasanara.com/funds/fast
Fasanara is an institutional investment manager that offers tech-enabled asset-based credit and digital assets solutions. Founded in 2011, Fasanara currently manages $4.5 billion in assets under management, and is focused on delivering uncorrelated returns through a technology-centric and systematic investment approach. Fasanara operates one of the largest and best-performing institutional market-neutral digital asset hedge funds globally.
Fasanara offers institutional-grade investment opportunities across niche asset classes within specialty finance and digital assets. Fasanara’s digital asset operation was set up in 2018 and has grown to become a top liquidity provider to major exchanges worldwide. Within 2024 alone, Fasanara had transacted over $250 billion in crypto market volumes. Fasanara is authorized and regulated by the Financial Conduct Authority (Firm reference number: 551020).
The ERC3643 Association is a non-profit organization regrouping industry leaders within a shared mission to advance the adoption of the ERC-3643 T-REX standard and promote the development of a standardized, secure, and compliant tokenization framework. The association brings together the expertise and resources of its members to foster collaboration, drive innovation, and create a more inclusive, efficient, and secure financial landscape. By supporting the widespread adoption of the ERC-3643 standard, the association aims to unlock the full potential of tokenization and pave the way for a new era of global asset management.
