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Polymath's security chip platform is badociated with the seriesOne digital securities fundraising platform to offer an "end-to-end" solution for issuing security tokens.
SeriesOne ad Tuesday's news that the new product will allow issuers to create and manage "life-cycle compliant" security tokens, that is, from the initial offer. trading on a secondary market.
Both are intended to simplify the "complex challenges" of creating and managing security tokens. The new solution would constitute a "critical" part of the ecosystem of the offering of digital titlesOne, announced the company.
Polymath wants to be the ethereum of security tokens, according to his website. It has already developed its own token standards to facilitate the handling of complaints and conducted a test last month showing how a decentralized exchange could be put in place to allow only authorized transactions.
"The Polymath token control layer will be the future standard and we are excited to be working together," said Dmitry Grinberg, CTO of seriesOne.
the ST-20 The security token standard created by Polymath is an extension of the more widely used Ethereum ERC-1400 standard that introduces the possibility of restricting blockchain token transfers.
Michael Mildenberger, CEO of seriesOne, added that he was "confident" that using Polymath's ST-20 protocol "will improve the fundraising process on our platform."
Back in November, seriesOne in partnership with Bithumb, the South Korean Crypto Exchange, to launch a US-compliant security token exchange.
Polymath image via CoinDesk archives
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