Polymath Poly Price USD

Polymath provides blockchain technology for creating, issuing, and managing security tokens. Polymath led the development of ERC 1400, an unifying standard for security tokens on Ethereum, and over 200 tokens have been launched utilising Polymath's Ethereum-based solution. Recognizing that previous blockchains were unable to fulfill the regulatory standards of capital markets, Polymath created Polymesh, an institutional-grade blockchain designed exclusively for regulated assets. Polymath solves the inherent issues with public infrastructure concerning identification, compliance, secrecy, governance, and settlement, therefore simplifying outdated procedures and opening the way to new financial instruments.

POLY is the utility token that powers the Polymath Token Studio on Ethereum and is used by issuers to create and manage security tokens on the network.

Polymath was created while looking for a way to tokenize a private fund. Throughout this process, it became evident that various technological and regulatory difficulties made launching securities on the blockchain extremely challenging. This inspired a far broader vision: rather than releasing a single tokenized microfund, why not make it simple for anybody to start a security token? This concept led to the creation of Polymath. Polymath has team members and collaborators all over the world, as well as a list of more than 50 global service partners that is rising.

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