Polymath Network

Polymath Network (POLY) is a security token platform that was founded in 2017 by Trevor Koverko and Chris Housser. The platform aims to provide a means for companies to raise money through blockchain-based, legally compliant security token offerings (STOs). Polymath's founders believe that STOs will become the dominant form of initial coin offerings (ICOs) in the future.

Polymath's STO was registered with the U.S. Securities and Exchange Commission (SEC) under SEC Rule 506(b) and raised $59 million. The platform allows users to tokenize private equity, limited partner shares, stocks, bonds, venture capital, and other financial instruments, providing liquidity, security, and transparency through blockchain technology.

In 2019, Polymath collaborated with Loopring to successfully test peer-to-peer security token trading on a decentralized exchange (DEX), demonstrating the ability to maintain compliance through standardized protocols. The platform also introduced Polymesh, a public permissioned blockchain designed specifically for security tokens, featuring KYC verification, built-in compliance, confidentiality protocols, and instant settlement.

Polymath's ecosystem is fueled by its native tokens, POLY and POLYX, which are used for operations and governance. POLY is an ERC-20 token used on Ethereum, while POLYX is the native coin of Polymesh, available on multiple centralized exchanges including Binance.

Throughout its history, Polymath has focused on building a robust infrastructure for security tokens, emphasizing compliance, transparency, and governance. The platform has gained significant attention for its role in tokenizing real-world assets (RWAs) and facilitating smart digital investments.

The Polymath Network (POLY) is a cryptocurrency project designed to facilitate the creation and management of security tokens on the blockchain. Here's how it works:

Polymath is a platform that enables the digitization of real-world assets, allowing them to be represented as security tokens. This process involves minting tokens, managing investors, and raising funds, all within a regulatory-compliant environment. The platform is built to optimize traditional investment banking processes using blockchain technology.

1. Polymesh Blockchain: Polymesh is a blockchain specifically designed for security tokens, focusing on regulatory compliance, institutional confidence, and liquidity. It provides strong foundations for meeting the needs of capital markets and their participants.

2. Token Creation: Issuers can create security tokens quickly and easily using smart contracts and a "Create a Security Token" wizard. This process involves filling out a form with 29 fields, which is then reviewed by Polymath Legal Delegates for regulatory compliance.

3. Templates and Compliance: The platform uses templates to ensure transparency and history for each token, allowing investors to access full information before investing. This also enables the addition of investment rules for individual security tokens, such as Accredited Investor classification.

4. POLY Token: The POLY token is an ERC20 utility token that powers the Polymath platform. It is used by issuers to create digital securities and is not a security itself. POLY tokens were distributed through an airdrop in 2018 and can be swapped with Polymesh's POLYX coin.

5. Network Fees: Issuers and investors pay fees in POLY to keep the network running smoothly. This incentivizes developers and lawyers to participate in the platform.

Polymath integrates with a large ecosystem of custodians, broker-dealers, legal firms, cap table management providers, token sale platforms, and KYC/AML providers, allowing issuers to create a bespoke end-to-end solution. The platform automates rule enforcement based on the rules set by issuers, ensuring compliance with jurisdictional requirements.

Polymath aims to improve the efficiency of traditional investment banking processes by leveraging blockchain technology. By providing a platform for security token creation and management, it seeks to drive institutional adoption and create new revenue streams.

The Polymath Network (POLY) token has several strengths that contribute to its value and potential in the cryptocurrency market:

1. Tokenization Focus: Polymath is specifically designed for the tokenization of real-world assets (RWAs) like company shares, bonds, and real estate, which provides a clear focus and direction for the platform.

2. Compliance and Governance: The platform leverages the ERC-1400 standard, which introduces compliance, document management, and enhanced security token controls. This ensures that security tokens issued on the platform comply with legal regulations, enhancing trust and credibility.

3. Ecosystem Assembly: Polymath simplifies the process of creating, issuing, and managing security tokens by providing a comprehensive ecosystem that includes custodians, KYC/AML providers, legal and tax advisors, marketing teams, and decentralized exchanges for trading on secondary markets.

4. Native Tokens: The POLY token is an ERC-20 utility token that supports the Polymath network, and the POLYX token is the native coin of the Polymesh blockchain. Both tokens play crucial roles in the ecosystem, with POLYX providing governance and fee payment functions.

5. Security and Transparency: The platform emphasizes security, transparency, and programmability, making it an attractive option for institutions and enterprises looking to tokenize traditional securities.

6. Scalability and Efficiency: The Polymesh blockchain is designed to reduce fees and increase efficiency compared to general-purpose blockchains like Ethereum, making it more suitable for businesses and institutions.

7. Regulatory Compliance: Polymath is designed to be fully compliant with regulatory requirements, which helps to bridge the gap between traditional financial markets and the digital asset space.

These strengths position Polymath as a leading platform for security token issuance and management, offering a robust and compliant ecosystem for institutions and enterprises.

Polymath Network (POLY) is a cryptocurrency project focused on creating and managing digital securities. It operates on a blockchain-based platform designed to streamline the tokenization of traditional assets. Here are some key points about Polymath Network:

• Security Tokens: Polymath allows for the creation and management of security tokens, which are digital representations of securities like debt, equity, or real estate on a blockchain. These tokens are subject to regulation and need to conform to strict compliance standards.
• Tokenization Benefits: By leveraging blockchain technology, security tokens can automate traditionally manual processes, providing a reliable source of truth for all parties involved.
• Platform Features: Polymath Token Studio is a self-service application that enables users to create, issue, and manage security tokens through a simple interface. It integrates with a large ecosystem of custodians, broker-dealers, legal firms, and other service providers to create a bespoke solution for issuers.
• Polymesh Blockchain: Polymath has developed the Polymesh blockchain, an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines processes and solves regulatory challenges around identity, compliance, confidentiality, and governance.

• Market Volatility: As a cryptocurrency, POLY is susceptible to market fluctuations, which can result in significant losses for investors.
• Regulatory Risks: Polymath operates in a highly regulated space, and changes in regulatory frameworks can impact the project's viability and adoption.
• Compliance Risks: Failure to comply with securities regulations can lead to legal issues and reputational damage.
• Security Risks: As with any blockchain-based project, there is a risk of security breaches or hacks, which can compromise the integrity of the platform and its users' assets.

Overall, Polymath Network (POLY) carries a range of financial risks, including market volatility, regulatory risks, compliance risks, and security risks.

• Vince Kadar: CEO of Polymath, guiding the growth of the platform with nearly thirty years of experience in the technology space, including twelve years as CEO of Telepin Software Systems Inc. He aims to commercialize Polymesh, the blockchain Polymath has engineered, and eliminate friction in tokenization.
• Melanie: CFO of Polymath, leading finance, HR, and compliance. She has extensive experience in senior finance roles, including CFO of Brane Inc. and Incognito Software Systems, and serves on the boards of Brane Trust Company and Mobio Technologies.
• Daniel Zborovski: CISO of Polymath, providing executive-level security leadership and guidance. He has over 25 years of expertise in managing and mentoring technical, programming, and security teams.
• Brian D. Sawyer: Has led successful blockchain-based startups and has extensive R&D and product design experience in Silicon Valley technology firms.
• Adam Dossa: Head of Blockchain at the Polymesh Association, previously CTO at Polymath. He has a background in finance and technology, including experience at Morgan Stanley and a Master’s in Machine Learning from Columbia.
• Graeme Moore: Head of Tokenization at the Polymesh Association, previously the first employee at Polymath. He is the author of "B is for Bitcoin" and has experience in finance and blockchain.
• Nick Cafaro: Head of Product at the Polymesh Association, overseeing product development. He has 15 years of experience in financial services and has worked on Substrate and Cardano protocols.
• William Vaz-Jones: Head of Partnership Development at the Polymesh Association, responsible for educating and onboarding partners. He has a background in traditional finance and completed his CFA and ERP.
• Robert Jakabosky: Head of Applied Blockchain Research at the Polymesh Association, with expertise in Rust programming and experience in securities markets.
• Francis O'Brien: Head of Developer Relations at the Polymesh Association, focusing on growing the ecosystem. He has a background in mechanical engineering and has worked in the oil and gas industry.
• Trevor Koverko: Co-founder of Polymesh, with experience in co-founding and investing in various companies, including Polymath and Tokens.com.