Osprey Launches First-Ever Polygon Fund in the US

Osprey Funds launches the first-ever Polygon fund in the United States, the Osprey Polygon Trust. It was the digital asset management firm’s fifth investment product of 2021. Polygon is among the most well-established protocols with more than 7 billion dollars in market cap.

The protocol is known for developing interoperable and independent blockchains on the ETH network. The latest announcement instantly improved Polygon’s market stature, making traders look for a Matic price prediction to assess its movements.

It provides developers a portfolio of tools to develop quick, cost-effective, and customizable projects. Since it uses Ethereum’s security layer, Polygon is quickly becoming the first choice for NFTs, gaming, and DeFi projects.

Greg King, Osprey Funds’ Chief Executive Officer, talked about the development. According to Greg, Polygon is a next-gen layer-2 technology that uses Ethereum’s secure network while minimizing prevalent blockchain issues like slow transactions and high gas fees. Osprey is delighted to add Polygon within its portfolio to help investors find an innovative way to utilize the Ethereum network with the Osprey Polygon Trust.

Currently, accredited investors with subscriptions worth 10,000 dollars minimum investment can avail themselves of the Osprey Polygon Trust. The sponsors intend to list the fund on the OTCQX market instantly and have even agreed to remove any management fee for investors until January 2023.

The digital asset investments suite include:

  • Osprey Polkadot Trust
  • Osprey Bitcoin Trust 
  • Osprey Solana Trust
  • Osprey Algorand Trust

Osprey Funds have established a name in the digital asset sector as one of the most premium investment firms. Established in New York, it proposes cost-effective, secure, and transparent access to digital assets. With the latest integration, the investment firm will undoubtedly rise in market ranks.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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