Copy link
Increase text size
Decrease text size
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. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,429.58 (+1.64%)
  • Ethereum (ETH) $163.74 (+1.92%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $331.42 (+6.90%)
  • Bitcoin SV (BSV) $271.10 (+4.42%)
  • Bitcoin (BTC) $8,429.58 (+1.64%)
Jan 24, 2020 (Friday)
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Japan ruling party lawmakers to propose digital yen in February: Report
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
Tether launches new stablecoin backed by physical gold
Crypto exchange ErisX partners with Etale to offer new trading features
World Economic Forum launches blockchain-based supply chain traceability platform
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
Crypto exchange Binance invests in blockchain startup Numbers
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
World Economic Forum creates framework to help central banks design and deploy CBDC
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.