Blockchain Crowdfunding Platform SeriesOne To Use Polymath’s Security Token Protocol

News | March 21, 2019 By:

Digital securities fundraising platform SeriesOne has teamed with security token creation platform Polymath to simplify the complex challenges of creating and managing security tokens.

SeriesOne is a blockchain-based company formed by industry veterans with decades of expertise across technology, investment banking, venture capital, and financial compliance. It enables digital securities offerings by providing a combination of key technology, strategic consulting, regulatory compliance, fundraising infrastructure and access to a network of investors worldwide.

Polymath is a decentralized platform that aims to make it easy to raise capital and create security tokens. The Polymath ST-20 standard embeds regulatory requirements into the tokens themselves, restricting trading to authorized participants only. The platform simplifies the complex technical challenges of creating a security token and aims to bring the multi-trillion dollar financial securities market to the blockchain.

SeriesOne’s partnership with Polymath will reportedly enable issuers to create and manage security tokens that are compliant throughout their entire lifecycle – from initial offering to trading on a secondary exchange.

“Investors around the world trust Polymath, which was fundamental to our decision to work together,” said Michael Mildenberger, CEO of SeriesOne. “We are confident that working with the Polymath team using the ST-20 protocol will enhance the process of raising capital on our platform.”

Kevin North, CEO of Polymath, said that his company is proud to work with innovative partners like SeriesOne, who has fulfilled a specific demand for a turnkey financing portal for any fundraising process.

“We are thrilled to be the chosen technology standard for the seriesOne platform, and we look forward to demonstrating yet again how industry can work together to set a standard for creating and managing a successful Security Token Offering (STO),” North said.