Polymath
Polymath enables trillions of dollars of securities to migrate to the blockchain.
About
Polymath is upgrading the existing capital markets infrastructure to take advantage of blockchain technology’s benefits: seamless capital formation; instantaneous settlement for unique, unforgeable assets; negligible trading fees; and countless others.
In order to make this upgrade possible, we believe there needs to be a standard for security tokens that utilizes these benefits while satisfying regulations. With a standard in place, security token issuers, investors, exchanges, wallets, custody providers, and regulators can become comfortable with this technology, interoperability becomes easier, and adoption can be widespread. Similar to how the ERC-20 standard enabled the boom in utility tokens on the Ethereum blockchain, there needs to be a standard for security tokens.
The standard we have built at Polymath is ST-20. ST-20 is an extension of ERC-20 that introduces the ability to restrict transfers of blockchain tokens. ERC-20 tokens do not have any transfer restrictions and therefore can be freely traded by anyone. This is fine for so-called utility tokens. When dealing with securities, however, all securities holders must be KYC/AML verified, and there are many additional restrictions on the distribution and trading of securities. ST-20 is the solution to this problem. It allows security token issuers to maintain regulatory compliance through transfer restrictions. And beneficially, it is backward compatible with ERC-20 making it interoperable with much of the existing blockchain infrastructure available today.
In order to make this upgrade possible, we believe there needs to be a standard for security tokens that utilizes these benefits while satisfying regulations. With a standard in place, security token issuers, investors, exchanges, wallets, custody providers, and regulators can become comfortable with this technology, interoperability becomes easier, and adoption can be widespread. Similar to how the ERC-20 standard enabled the boom in utility tokens on the Ethereum blockchain, there needs to be a standard for security tokens.
The standard we have built at Polymath is ST-20. ST-20 is an extension of ERC-20 that introduces the ability to restrict transfers of blockchain tokens. ERC-20 tokens do not have any transfer restrictions and therefore can be freely traded by anyone. This is fine for so-called utility tokens. When dealing with securities, however, all securities holders must be KYC/AML verified, and there are many additional restrictions on the distribution and trading of securities. ST-20 is the solution to this problem. It allows security token issuers to maintain regulatory compliance through transfer restrictions. And beneficially, it is backward compatible with ERC-20 making it interoperable with much of the existing blockchain infrastructure available today.



Details
Country of Incorporation:
Company name:
Polymath Inc.
Location:
Founded date:
2017
Blockchain:
Ethereum
Token standard:
ST-20
Services
Polymath enables companies to take control of their equity issuance through programmable code.
Raising in cryptocurrency opens up an entire wealth of new investors.
No matter where you live in the world, you have access to trading 24/7.
Polymath eliminates the middleman and financial structures that hinder the deployment of equity.
There is a trove of wealth that is untouched by Wall Street that can now be accessed through Polymath.
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Team (18)

Trevor Koverko
CO-FOUNDER & CHIEF EXECUTIVE OFFICER

Chris Housser
CO-FOUNDER & CHIEF OPERATIONS OFFICER

Pablo Ruiz
VP OF ENGINEERING

Thomas Borrel
CHIEF PRODUCT OFFICER

Graeme Moore
VP OF MARKETING

Adam Dossa
HEAD OF TECHNOLOGY

Satyam Agrawal
SOLIDITY DEVELOPER

Shannon Clarke
DEVELOPER

Lauren Hulvey
EXECUTIVE ASSISTANT OPERATIONS

Matthew Woo
PRODUCT ADVISOR

Heslin Kim
VP OF BUSINESS DEVELOPMENT

Stan Timofeev
DESIGNER

Lukasz Wicher
BUSINESS DEVELOPMENT ASSOCIATE

Charles St. Louis
OPEN SOURCE COMMUNITY MANAGER

Josep Mateu Clemente
QUALITY ASSURANCE ENGINEER

Victor Gabriel Vicente
SOLIDITY DEVELOPER

Ananthan Vijayakumar
SENIOR FINANCIAL ANALYST

Troy Wong
CHIEF FINANCE OFFICER
Planning an STO?
Contact us and get full information about the launch of Security Token Offering.