• Sat, 25 May 2019, 01:06 PM
  • All times are UTC
  • Edition:
Link copied

Polymath, Cardano founder team up to build security token blockchain ‘Polymesh’

Tue, 14 May 2019, 04:27 am UTC

Security token platform Polymath, in collaboration with Ethereum and Cardano co-founder Charles Hoskinson, has announced plans to build the world’s first security token blockchain, Polymesh.

Hoskinson and Polymath Co-Founder Trevor Koverko made the announcement at the Consensus 2019 in New York. Hoskinson will take on the title of Polymesh’s co-architect.

“After co-founding Ethereum and Cardano, two of the most widely used blockchains in the world, I am looking forward to working on PolyMesh. There are quadrillions of dollars of financial securities, and building a blockchain to secure them is an incredibly exciting task,” Charles Hoskinson, co-founder of Ethereum and Cardano, founder of IOHK, said.

Polymath is a decentralized platform that makes it easy to create and manage security tokens (blockchain-based digital securities). Until now, it has built its technology solution for security tokens on Ethereum.

While more than 120 security tokens have been created using the Polymath Token Studio, Polymath said that the adoption of security tokens has not caught up with the excitement surrounding the ecosystem. This, it believes, is largely due to one reason: compliance.

Ethereum was primarily built to enable “unstoppable applications”, not with regulations or compliance in mind. Koverko and Hoskinson plan to build Polymesh from the ground up with these considerations to become the underlying infrastructure for the world’s capital markets.

“We’re incredibly excited to work with Charles on the world’s first purpose-built blockchain for security tokens,” said Trevor Koverko, co-founder of Polymath. “As the co-founder of both Ethereum and Cardano, Charles brings one-of-a-kind expertise to Polymesh, and is the perfect person to act as Polymesh’s co-architect.”

Earlier this year, seriesOne, a digital securities fundraising platform, partnered with Polymath to simplify the complex challenges involved in creating and managing security tokens.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
  • Bitcoin (BTC) $8,074.12 (+0.92%)
  • Ethereum (ETH) $255.64 (+1.74%)
  • XRP (XRP) $0.390500 (+0.56%)
  • Bitcoin Cash (BCH) $410.37 (-0.94%)
  • Litecoin (LTC) $103.05 (+4.86%)
  • Bitcoin (BTC) $8,074.12 (+0.92%)
May 24, 2019 (Friday)
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
German engineering giant Bosch trials Ethereum blockchain
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
Bank of Russia to review proposal on gold-backed cryptocurrency
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
Robinhood Crypto is now in New York
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
California resident sued for alleged $26M crypto Ponzi scheme
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
Rep. Swalwell accepting bitcoin donations in bid for US presidency
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
Binance CEO CZ seeks compensation for reputational damage from Sequoia
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
Coinstar extends bitcoin buying service to 21 US states
Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.