seriesOne, Polymath partner to simplify security token issuance
Thu, 21 Mar 2019, 05:33 am UTC
seriesOne, a digital securities fundraising platform, has entered into a partnership with security token platform Polymath to simplify the complex challenges involved in creating and managing security tokens (blockchain-based digital securities).
Founded in 2013, seriesOne enables digital securities offerings by providing a combination of key technology, strategic consulting, regulatory compliance, fundraising infrastructure and access to a network of investors worldwide.
According to the official release, the partnership with Polymath will enable issuers to create and manage tokens that are compliant throughout their entire lifecycle; from initial offering to trading on a secondary exchange.
seriesOne CTO Dmitry Grinberg said that the token control layer offered by Polymath will become the industry-wide standard.
Polymath is a decentralized platform that makes it easy to create and manage security tokens. The Polymath ST-20 standard embeds regulatory requirements into the tokens themselves, restricting trading to verified participants only.
“Investors around the world trust Polymath, which was fundamental to our decision to work together,” said Michael Mildenberger, CEO of seriesOne. “We are confident that working with the Polymath team using the ST-20 protocol will enhance the process of raising capital on our platform.”
seriesOne said that the partnership with Polymath comes at a time of rapid expansion for the company. It recently announced that it has formed a joint venture with Bithumb, a South Korean cryptocurrency exchange, to build a digital securities exchange in the U.S.
“Polymath is proud to work with innovative partners like seriesOne, who has fulfilled a specific demand for a turnkey financing portal for any fundraising process,” said Kevin North, CEO of Polymath. “We are thrilled to be the chosen technology standard for the seriesOne platform, and we look forward to demonstrating yet again how industry can work together to set a standard for creating and managing a successful Security Token Offering (STO).”
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