The Polygon team announced via Twitter on Thursday that it has partnered with Ondo Finance, an institutional DeFi platform. The partnership is designed to help drive the adoption of institutional-grade on-chain products and reshape traditional financial markets.
The Ondo Finance team believes that the arrangement with Polygon would facilitate more access on-chain to institutional assets.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is up by 18% in the last 24 hours and is currently trading at $0.8429.