When put together, these four pillars also support more complex operations, such as settlement. The foundations of Polymesh are focused on providing through key design principles the most crucial elements that issuers and investors need, and that institutions and regulators require: identity, compliance, confidentiality, and governance. Polymath addresses these barriers with Polymesh, an institutional-grade blockchain built for security tokens and the first specialized chain of this nature. Security tokens represent a tremendous market opportunity, but there are significant barriers standing in the way of institutional adoption. Polymath has team members and contributors worldwide and a growing list of over 50 global service providers. This led to a much larger vision: instead of launching just one tokenized microfund, why not make it easy for anyone to launch a security token? With this idea, Polymath was born. During this process, it became clear that complex technical and legal challenges made it very difficult to launch securities on the blockchain. Polymath was founded while searching for a solution to tokenize a private fund. Polymath streamlines antiquated processes and opens the door to new financial instruments by solving the inherent challenges with public infrastructure around identity, compliance, confidentiality, governance, and settlement. Recognizing that existing blockchains were insufficient to meet regulatory requirements of capital markets, Polymath built Polymesh, an institutional-grade blockchain built specifically for regulated assets. Polymath spearheaded the creation of a unified standard for security tokens on Ethereum, ERC 1400, and over 200 tokens have been deployed using Polymath’s Ethereum-based solution. Polymath uses a blockchain-based protocol that provides a suite of tools to coordinate and incentivize participants to collaborate and launch financial products on the blockchain.īy creating a standard token protocol which embeds defined requirements into the tokens themselves, these tokens can only be purchased and traded among verified participants.Polymath provides technology to create, issue, and manage security tokens on the blockchain. They present Polymath, a protocol to facilitate the primary issuance and to restrict the secondary trading of blockchain security tokens. Government agencies are now analyzing the securities implications of this non-traditional form of financing, with potential consequences for ICOs that violate securities laws. Over the last two years, the ICO model has been used by hundreds of organizations to raise more than $3 billion USD. A form of blockchain fundraising called an Initial Coin Offering (ICO) has existed since July 2013.
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