Polymath

Polymath (POLY) is a unique cryptocurrency that provides the technology to create, issue, and manage security tokens on the blockchain. It aims to streamline outdated processes and introduce new financial instruments by addressing the challenges associated with public infrastructure, such as identity, compliance, confidentiality, governance, and settlement. Polymath has developed Polymesh, a blockchain designed for regulated assets, to meet the regulatory requirements of capital markets. POLY is the utility token that powers the Polymath Token Studio on Ethereum and is used by issuers for creating and managing security tokens on the platform.

Polymath operates by providing a platform for the creation, issuance, and management of security tokens. It has developed a unified standard for security tokens on Ethereum, known as ERC 1400, and has deployed over 200 tokens using its Ethereum-based solution. Polymath's Polymesh blockchain is designed to meet the regulatory requirements of capital markets, addressing challenges with public infrastructure around identity, compliance, confidentiality, and governance. The platform also offers non-technical users intuitive tools to access the chain's functionality, aiming to enhance capital markets.

Polymath seeks to address the barriers to institutional adoption of security tokens, a market with significant potential. Its Polymesh blockchain is designed specifically for security tokens, providing the crucial elements that issuers, investors, institutions, and regulators require. This includes identity, compliance, confidentiality, and governance. Polymath's platform and the applications built on it aim to offer a different approach compared to general-purpose blockchains when it comes to creating and managing digital securities. The platform's deep functionality combined with user-friendly tools aims to enhance capital markets.

Polymath was founded with the vision of making it easy for anyone to launch a security token. The idea was born out of the challenges faced while trying to tokenize a private fund, which revealed the technical and legal complexities of launching securities on the blockchain. Since its inception, Polymath has grown to include team members and contributors worldwide, with a growing list of over 50 global service providers. After the platform launch, POLY was created to interact with the platform, with almost 100,000 wallets holding POLY and 240,000,000 tokens distributed during launch. The max supply of POLY is 1 billion, with a certain amount currently in circulation.