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Running on Ethereum, the Polymath network is a platform used to issue, create, and manage the digital security tokens on the blockchain. The project simplifies and fastens for users to get into the securities market.

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 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.

Coming to the token, the Polymath network’s native token is POLY. POLY is an ERC-20 standard token and is also the platform’s cryptocurrency. The token finds its primary utility as gas fees for creating or issuing security tokens. Moreover, POLY can also be used for paying the network’s additional services like legal advice, assistance in token sales, custodial solutions, and providing KYC and AML regulatory services.

The Features of Polymath Network

Open Source: The project is transparent and has kept itself open to the public.

Standardized: The project uses standardized ERC1400 tokens, ensuring the token’s code meets requirements to minimize technicalities.

Modular: Tokens are specifically built and customized according to the user’s requirements.

Automated: The system can automate the rules set by issuers like who can hold the token, how they can be transferred, jurisdictional requirements, etc.

End-to-End: The platform provides an end-to-end solution and manages works of custodians, legal requirements, token sales platform, KYC provider, etc.

What Makes Polymath Different?

Security tokens represent a tremendous market opportunity, but there are significant barriers standing in the way of institutional adoption. Polymath addresses these barriers with Polymesh, an institutional-grade blockchain built for security tokens and the first specialized chain of this nature.

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. When put together, these four pillars also support more complex operations, such as settlement.

When it comes to creating and managing digital securities, Polymesh’s specificity gives it, and the applications built on it, a distinct advantage over general-purpose blockchains. The purpose-built infrastructure addresses the gaps in standard blockchain architecture to align the functioning of the blockchain with the requirements of modern capital markets.

In addition to engineering Polymesh, Polymath has also built a series of tools on the chain that offer non-technical users an intuitive means to access the chain’s functionality. By combining Polymesh’s deep functionality with user-friendly tools, Polymath stands to transform capital markets.

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