Polkadot has launched a new division, Polkadot Capital Group, aimed at attracting traditional financial institutions and investment companies into its ecosystem.
This move is a direct response to the increasing interest of organizations in blockchain technology and the development of regulatory clarity in the United States.
Polkadot Establishes a New Organizational Branch
Today, Polkadot officially announced a new branch for organizations to connect traditional finance and Web3.
Polkadot Capital Group will be led by a team of experts in traditional and digital assets. The team plans to provide financial institutions with the necessary resources to confidently participate in the Polkadot ecosystem.
"Our goal is to lead through data-driven education, promote acceptance through knowledge transfer, and adapt promptly to the dynamic priorities of institutional market members," said David Sedacca, Head of Polkadot Capital Group, in a press release.
Targeting entities such as asset management, banking, and venture investors, the Polkadot Capital Group initiative will provide educational content, market information, and strategic collaboration opportunities.
Key Services for Traditional Finance
Polkadot Capital Group will focus on key areas to promote institutional adoption. This includes providing information about centralized and decentralized exchange technologies and exploring real asset Tokenization (RWA). Additionally, the group will educate institutions about the benefits of Staking and decentralized finance (DeFi).
By presenting these practical applications, Polkadot hopes to demonstrate how its network can modernize financial infrastructure and create new opportunities for institutional investors.
The launch of Polkadot Capital Group coincides with significant changes in the underlying network.
Network Modernization
The Polkadot ecosystem is undergoing a major upgrade, Polkadot 2.0, changing how projects and businesses use the network.
A crucial part of this upgrade is transitioning from the old Parachain auction system to a new method called Agile Coretime. This new system will begin at the end of 2024 and will continue to be deployed in the coming months.
Previously, projects had to compete to obtain two-year lease contracts in a fixed space on the network. Instead of locking Capital, they can now purchase additional network computational power as needed on a flexible, pay-as-you-go basis.
By eliminating financial and technical barriers, Polkadot 2.0 aims to make the network more accessible and attractive to traditional organizations.
