Polymath (POLY) is a platform that is attempting to migrate millions of dollars worth of securities to the blockchain. Launched in 2018, Polymath focuses strictly on the securities market, explicitly stating that stocks, bonds, venture capital and private equity - and generally the traditional financial market - are all yet to leverage the strength of blockchain to make the investment more accessible and convenient.
The team sees the programmable nature of tokens making traditional assets more liquid, affordable and accessible. This ability to make financial services and investment is at the heart of Distributed Ledger Technologies (DLTs), and the Polymath team envisions a future where token holders are equivalent to shareholders.
Security Token Offerings (STOs) are an up and coming trend in the blockchain and cryptocurrency space, and Polymath is diverting a lot of resources to assist entities launch their own security tokens on its blockchain. It has already helped in the launch of over 120 security tokens which follows Polymath’s own ST-20 protocol.
Polymath has teamed up with another prominent cryptocurrency project, Cardano (ADA), to build the world’s first regulation-compliant security token blockchain, “Polymesh”. They have also been collaborating with other projects such as Loopring (LRC). Together, they have successfully tested the peer-to-peer trading of Polymath’s ST-20 security tokens.