Polymath

About Polymath

Polymath is an ambitious project aiming to bring securities tokens to the blockchain. The platform allows legal delegates to create regulatory-compliant securities tokens to open up blockchain applications across regulated industries. The POLY token powers the ecosystem.

History of Polymath

Polymath was founded in 2017 by blockchain legal expert Trevor Koverko and technologist Chris Housser. They recognized the potential for asset tokenization and wanted to develop solutions to regulatory and technical challenges.

Polymath launched its mainnet in 2018 after a successful ICO raise of $58.7 million. Early backers saw the promise in Polymath’s vision to merge blockchain and regulated assets.

The Polymath Platform

The Polymath platform utilizes Ethereum’s blockchain to create and manage security tokens. Legal delegates can launch tokens that comply with regulations for offerings like private equity, bonds, commodities, and more.

Issuers can customize tokens with built-in trading restrictions, dividend options, voting rights and more. The platform simplifies the complex legal and technical challenges of asset tokenization.

Polymath Token (POLY)

The POLY token is an ERC-20 utility token that powers the Polymath ecosystem. Issuers pay POLY fees to legal delegates to create compliant token offerings on the platform.

POLY tokens are also used to access platform features and as incentives for delegates providing services. The fixed token supply rewards early adopters as demand grows.

Polymath’s Unique Approach

Polymath stands out by focusing on regulatory compliance and collaboration with financial authorities. This institutional approach aims to bring blockchain into the mainstream financial world.

Polymath screens token issuers and delegates to ensure offerings meet legal requirements. The platform prioritizes transparency and access to bring more participants into the tokenized securities space.

Polymath Partnerships

Polymath has secured several high-profile partnerships to drive adoption. In 2019, Polymath partnered with blockchain platform Ethereum on security token standards.

Polymath also teamed with financial giant NASDAQ to help private companies issue and trade blockchain securities. The partnership with tZero brought regulated STOs to digital exchanges.

These collaborations legitimize Polymath’s role as a bridge between financial incumbents and blockchain innovation. More partnerships will continue to drive the platform’s growth.

POLY Token Performance

Since the 2018 ICO, POLY has seen volatile price action, as is typical across the crypto markets. The token saw early highs above $1.00 before declining in the 2018 bear market.

In 2021, POLY surged to new all-time highs around $0.90 with renewed interest in the security token sector. However, the token has pulled back significantly from these highs.

As the platform expands and adds new partnerships, POLY could see increased utility and adoption over the long-term if the project delivers on its ambitious vision.

Challenges Facing Polymath

Polymath faces obstacles as it aims to bring regulated assets to the blockchain industry. Compliance costs and legal requirements pose hurdles to wider institutional adoption.

Competition is also mounting in the security token space from projects like Securitize and Harbor. However, Polymath’s early mover advantage and collaborative approach give it a strong position.

Trust and transparency must be built with financial regulators for mainstream acceptance. Polymath acknowledges these challenges but maintains its long-term outlook for blockchain’s expansion into regulated finance.

Conclusion

Polymath’s creative solution bridges regulated and blockchain assets in a promising direction. The project simplifies legal compliance for security token issuers to open access and expand blockchain’s use cases.

With strong leadership, growing partnerships, and real-world utility for its token, Polymath aims to be the platform that finally brings institutional players into the world of blockchain finance. If the project succeeds, it could unlock trillions in regulated assets to the crypto ecosystem.