Safety token platform, Polymath, has reportedly partnered with digital securities fundraising platform, seriesOne, to provide clients “end-to-end” resolution for safety token issuance.
Polymath and SeriesOne Partnership
The information was first introduced by seriesOne yesterday by way of a press launch. The corporate mentioned the brand new product will permit issuers to create and handle safety tokens which are “compliant all through their whole lifecycle.” This implies from the preliminary token providing all the way in which to buying and selling on an alternate.
The goal of the partnership is to simplify the creation and administration of safety tokens. seriesOne believes that Polymath’s St-20 safety token commonplace will turn into the industry-wide commonplace. As such they’re going to accomplice with the corporate to make safety token administration simpler.
SeriesOne is a securities issuance platform and as such can qualify for plenty of securities exemptions within the US.
CTO of seriesOnes, Dmitry Grinberg, mentioned the next:
“The token management layer that Polymath provides would be the future commonplace and we’re excited to be working collectively.”
CEO Michael Mildenberger furthered that the partnership goals to scale back the “advanced challenges” of making and managing safety tokens. The consequence will turn into a “vital” element of seriesOne’s digital securities providing ecosystem.
In utilizing Polymath’s ST-20 protocol, the CEO believes the platform will generate extra income.
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Ethereum for Securities
In keeping with its web site “What Ethereum did for tokens, Polymath will do for securities,” in saying that the corporate is aiming to be just like the Ethereum community however for securities.
The corporate has its personal token requirements that facilitate compliant buying and selling. In actual fact, its ST-20 safety token commonplace is described as “an extension of the extra generalized Ethereum ERC-1400 commonplace that introduces the power to limit transfers of blockchain tokens.”
What do you concentrate on seriesOne partnering with Polymath?
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