Wave Digital Assets Launches Polygon Yield Vehicle with $30M Investment

[PRESS RELEASE – Los Angeles, California, May 30th, 2024]

Wave Digital Assets (Wave), a digital asset-focused investment adviser regulated by the SEC, is pleased to announce the launch of a Polygon network-focused yield vehicle with an initial $30 million. The vehicle is designed to support protocols and teams on the Polygon zkEVM blockchain.starting with facilitating liquidity and TVL.

“We’re thrilled to support the developers and startups building upon Polygon’s sustainable blockchain infrastructure as it continues to break ground in the Web3 community. Today, we are launching a new vehicle that we believe will help expand this robust community,” said Benjamin Tsai, Co-founder and President of Wave Digital Assets. “Our new initiative will support promising entrepreneurs deploying onto the Polygon zkEVM chain and building its diverse community such as P2P exchanges, lending protocols, and stablecoin issuers.”

Polygon zkEVM is a layer-2 network built on Ethereum that utilizes zk-(zero-knowledge) proofs to validate transactions on the network. By bringing together the EVM (Ethereum Virtual Machine) and zk-proofs, Polygon zkEVM offers a promising solution to some of the key challenges facing Ethereum and other blockchain networks. By leveraging zk-proofs, Polygon zkEVM can achieve significant scalability improvements while maintaining the security integrity of the Ethereum blockchain. This means that transactions can be processed more efficiently, opening up new possibilities for decentralized applications (dApps) and use cases on the blockchain. Polygon zkEVM represents an exciting development in the ongoing effort to make blockchain technology more scalable, secure, and user-friendly.

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About Polygon Labs

Polygon Labs is a software development company building and developing a network of aggregated blockchains via the AggLayer, secured by Ethereum. As public infrastructure, the AggLayer will bring together user bases and liquidity for any connected chain, and leverage Ethereum as a settlement layer. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols and tools for launching blockchains, including Polygon PoS, Polygon zkEVM, and Polygon Miden, which is in development as well as Polygon CDK.

About Wave Digital Assets

Wave Digital Assets (Wave) is a Los Angeles-based, SEC-regulated investment advisory firm that provides institutional and private wealth digital asset management solutions. Led by a team of highly experienced financial services professionals, Wave provides bespoke digital asset investment solutions with a focus on yield generation through private funds, as well as managed accounts for HNWIs and family offices seeking tailored digital asset exposure, bespoke treasury management services, early-stage venture capital, and strategic consultation to the digital asset ecosystem.

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Important Disclosures and Other Information

Nothing in this material should be interpreted as an offer or recommendation to buy, sell, or hold any security or other financial product. Registration with the SEC does not imply a certain level of skill or training. Additional information including important disclosures about Wave Digital Assets LLC also is available on the SEC’s website at www.adviserinfo.sec.gov or, learn more information about Wave Digital Assets at www.wavegp.com.