Polymesh is a blockchain platform that is specifically designed for regulated security tokens. The Polymesh whitepaper provides a detailed explanation of the platform’s architecture, features, and benefits. In this article, we will highlight some of the best bits from the whitepaper.
One of the key features of Polymesh is its focus on compliance. The platform has been built from the ground up to meet the regulatory requirements of securities markets. This includes the ability to handle KYC/AML procedures, to manage investor restrictions, and to enforce the rules and regulations of securities markets.
Polymesh also provides a range of tools and features that enable issuers to create, issue, and manage their security tokens. These include token creation and issuance, investor management, cap table management, and dividend distribution. All of these features are built into the Polymesh platform, making it easy for issuers to manage their securities.
Another key feature of Polymesh is its focus on governance. The platform has been designed to enable issuers and investors to collaborate on the governance of their securities. This includes the ability to vote on proposals, to propose changes to the security, and to manage the security’s lifecycle.
Polymesh is also designed to be scalable and efficient. The platform uses a Proof of Stake consensus algorithm, which is much more energy-efficient than Proof of Work. This enables the platform to process transactions more quickly and at a lower cost than other blockchain platforms.
In addition to these features, Polymesh also provides a range of security measures to protect against hacking and other security threats. These include multi-signature wallets, secure key management, and continuous security monitoring.
Polymesh has also been designed to cater to the specific regulatory needs of security tokens. The platform is built with compliance in mind, with a focus on making it easy for issuers to adhere to securities regulations. This is achieved through the use of features such as permissioned access to investor data, automated compliance checks, and other tools that enable issuers to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.
Polymesh’s architecture is also designed to address some of the major pain points of existing security token infrastructure, such as liquidity and interoperability. The platform has been built to support high levels of liquidity, with a focus on enabling security tokens to be traded freely on secondary markets. Additionally, the platform has been designed to be interoperable with other blockchain networks, enabling security tokens to be moved seamlessly between different platforms.
In addition to the core blockchain platform, Polymesh also includes a range of tools and services that make it easy for issuers to manage their security token offerings. These include a dashboard that provides issuers with real-time data on the performance of their token offerings, as well as tools for managing investor relations, investor communications, and other aspects of the security token issuance process.
Overall, Polymesh is an exciting new entrant to the world of security token infrastructure, offering a range of features and tools that make it easy for issuers to create and manage compliant security token offerings. With its focus on compliance, liquidity, and interoperability, Polymesh is well-positioned to become a leading platform for security token issuers in the years to come.