Polymath Adds Tokenise and Saxon Advisors as Node Operators on Institutional Grade Polymesh Blockchain
TORONTO, May 11, 2021 / PRNewswire / – Universal spirit, the leading security token platform, today announced new node operators working to secure its institutional-grade and purpose-built blockchain. Tokenise, an end-to-end tokenization provider that manages a global security token exchange, and Saxon Advisors, a Londona digital asset-based corporate finance consultancy teamed up to operate nodes on Polymath’s Polymesh blockchain. The Saxon Advisors and Tokenise node is managed and managed by the Saxon Advisors staking division, which offers professional staking services on promising PoS networks.
Polymesh is an authorized institutional grade blockchain created by Polymath specifically for regulated assets. Securities transactions should be determined by known and trusted entities. Specifically designed for securities, Polymesh relies on verified capital market players who meet specific criteria to validate transactions as node operators.
Tokenise offers investors and issuers a self-service digital interface that provides direct 24/7 market access to the Tokenise Stock Exchange, which is used for capital raising, primary issuance, trading secondary, clearing, settlement and registration of tokenized securities.
“We expect Polymesh to become ubiquitous in the security token space, so getting involved by executing a node is a no-brainer for us,” said Mike kessler, CEO and founder of Tokenise. “Security tokens have been tried on other blockchains with varying levels of success, and factors such as gas costs and the principles of anonymity have meant it has always been a difficult proposition. With Polymesh, we can go beyond these challenges. “
UK-based Saxon Advisors was founded in 2018 to institutionalize the process of raising capital for digital asset companies. Since then he has acted as a senior advisor on more than $ 100 million transactions, for projects ranging from Layer 1 blockchains and dapps to cryptocurrency wallets and custodial providers.
“We are delighted to play our part in the launch of Polymesh and in the evolution of the security token market in general,” added Ultan Miller, Managing Partner at Saxon Advisors. “It is time for blockchain to be adopted as an institutional solution to increase efficiency and create new sources of revenue. As strong supporters of Polymesh and the way it is designed to integrate institutions with security tokens, we are committed to connecting more financial services companies to the chain and helping to realize the network’s full potential. “
Polymesh streamlines outdated processes and opens the door to new financial instruments by solving regulatory challenges with the public infrastructure around identity, compliance, confidentiality and governance through key design principles embedded in the chain. Polymesh is currently in the testnet phase ahead of the launch of its mainnet, and users can access the channel by participating in the Alcyone testnet. The testnet does not involve real assets.
“The digitization of securities on the blockchain can lead to a huge leap in the efficiency and liquidity of financial markets,” said William Vaz-Jones, Director, Partnership Development at Polymath. “Polymesh was specifically designed to facilitate institutional adoption of blockchain as a tool to better manage the flow and accessibility of regulated assets. We are encouraged by the range of market players who have shown their support. support for Polymesh and are delighted to have actors like Tokenise and Saxon working on the channel. “
Polymath makes it easy to create, issue, and manage security tokens on the blockchain. Over 200 tokens have been deployed using our Ethereum-based solution and we are now in the process of launching Polymesh, an institutional-grade blockchain designed specifically for regulated assets. It streamlines outdated processes and opens the door to new financial instruments by solving challenges inherent in public infrastructure in terms of identity, compliance, privacy and governance.
Check it out 2 minute demo to see the process of issuing a token on our new specially designed blockchain, Polymesh, in action or visiting https://polymath.network for more information.
Tokenise was created to create a complete end-to-end service, from the issuance of symbolic securities, trading and brokerage services to settlement and deposit. Tokenise Stock Exchange is a fully regulated entity established in Barbados and authorized by the FSC to launch its digital exchange. This will democratize the securities industry by symbolizing assets that were previously inaccessible, illiquid or unavailable to a global community of investors and issuers. It will set the global standard for security token issuance and manage the world’s first dedicated, multi-jurisdictional single order book. Their broker at Tokenise.io is now taking registration on the platform in preparation for our full launch.
About Saxon Advisors
Saxon advisers is a LondonCorporate finance consulting firm specializing in blockchain and crypto-asset transactions. It was founded in 2018 to institutionalize the process of raising capital for digital asset companies. Since then he has acted as a senior advisor on more than $ 100 million transactions, for projects ranging from Layer 1 blockchains and dapps to cryptocurrency wallets and custodial providers. The company has three main sectors of activity (1) Business consulting (2) Capital and fundraising (3) Participation in the network.
Polymath is not a broker, funding portal, trading platform or otherwise engaged in the trading of securities or providing advisory services regarding the issuance, purchase or sale of securities. Polymath does not make any recommendation or give advice regarding any business or proposition discussed in this communication.
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