POLYX

Data Delay

Price data is delayed

Polymesh

Use Cases for Polymesh

Polymesh is a blockchain specifically designed for regulated assets, including security tokens. Here are some key use cases:

• Tokenized Securities: Polymesh is ideal for tokenizing securities such as stocks, bonds, and other financial instruments. It provides a regulatory-compatible framework for representing real-world assets on-chain, ensuring compliance with complex financial regulations.

• Real Estate Tokenization: Polymesh is particularly suited for tokenizing real estate, allowing for increased liquidity and accessibility. It integrates governance, identity, compliance, confidentiality, and deterministic finality into its core, making it a trustworthy option for issuers and investors.

• Cross-Chain Settlement: Developers can build bridges to enable asset swaps between Polymesh and other blockchains, such as Ethereum. This allows for seamless integration with existing financial systems and enhances interoperability.

• NFTs and Other Token Types: While primarily designed for security tokens, Polymesh can also support other token types, including non-fungible tokens (NFTs), utility tokens, and more. This opens up possibilities for a wide range of DeFi products and protocols.

• Marketplaces and Exchanges: Polymesh provides a solid foundation for building tokenized exchanges and secondary marketplaces. It offers granular control and flexibility in asset transfer and settlement, making it suitable for various types of physical and digital assets.

• Ecosystem Expansion: Companies can earn POLYX, the native token of Polymesh, by contributing to the ecosystem through services like tokenization, asset management, and integration with traditional financial systems. This incentivizes the growth and adoption of Polymesh.

Pros of Polymesh

• Governance: Polymesh is designed to address governance issues common in other blockchains, such as the problems arising from hard forks and the need for deterministic finality, which is crucial for the finance industry.
• Identity and Compliance: It provides a robust framework for identity verification and compliance, ensuring that transactions adhere to regulatory requirements and preventing issues like transactions being sent to sanctioned entities.
• Confidentiality: Polymesh offers confidentiality features, such as the Confidential Transaction Workflow, which uses zk technology and mediators to validate transactions off-chain, ensuring privacy and compliance.
• Settlement: It ensures that assets cannot be doubly-committed, providing a secure settlement process that is essential for regulated assets.
• Flexibility: Polymesh can support various token types, including security tokens, utility tokens, and NFTs, making it versatile for different use cases.
• Security: The use of POLYX staking enhances network security through economic incentives for good behavior and disincentives for bad behavior, creating a robust line of defense.

Cons of Polymesh

• Complexity: The need for a new, purpose-built blockchain indicates that Polymesh may have a higher learning curve compared to existing blockchains.
• Inflationary Token: The POLYX token is inflationary, which might be a concern for some investors.
• Lock-up Periods: Staking POLYX tokens involves lock-up periods, which can limit liquidity for stakers.
• Market Competition: Polymesh operates in a competitive RWA sector, which might impact its market performance and adoption.

Founders of Polymesh

Polymesh was founded by the team at Polymath, a platform that facilitates the creation, issuance, and management of security tokens on the blockchain. Key figures involved in the development of Polymesh include:

• Trevor Koverko: Co-founder of Polymath and a key figure in the announcement of Polymesh.
• Charles Hoskinson: Co-founder of Ethereum and Cardano, who joined Polymesh as its co-architect.
• Chris Housser: Co-founder of Polymath and a significant contributor to the development of Polymesh, who later stepped down from his role at the Polymesh Association.
• Graeme Moore: An early employee of Polymath and a key contributor to Polymesh, who later took on a leading role at the Polymesh Association.

Investors and Supporters

Polymesh is supported by various entities and individuals who believe in its potential to revolutionize the security token market. However, specific investor information is not publicly disclosed on the official Polymesh website. The project is driven by the Polymesh Association, a not-for-profit organization dedicated to the growth and development of the Polymesh blockchain ecosystem.

Key Team Members

• Adam Dossa: Head of Blockchain, with a background in trading, risk, and regulatory infrastructure from Morgan Stanley.
• Graeme Moore: Head of Tokenization, previously the first employee at Polymath and an associate at Canada’s largest independent investment advisory firm.
• Nick Cafaro: Head of Product, with 15 years of experience in financial services at Canada’s three largest banks.
• William Vaz-Jones: Head of Partnership Development, with over a decade in traditional finance and roles at the largest private asset manager in the world.
• Robert Jakabosky: Head of Applied Blockchain Research, with extensive programming experience and a background in securities markets.
• Francis O’Brien: Head of Developer Relations, known for his deep technical understanding of the blockchain and his role in growing the Polymesh ecosystem.

Ecosystem Development

The Polymesh Association has launched an Ecosystem Development Fund (EDF) to incentivize companies to build, integrate, and utilize Polymesh’s infrastructure. This fund targets various projects, including platforms that interface with investors and issuers, security token platforms (STPs), exchanges, and digital custodians.

General Information

Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It focuses on governance, identity, compliance, confidentiality, and deterministic finality, making it unique compared to general-purpose blockchains.

Halal Status of Polymesh

• Halal Status: Yes
• Reason: Polymesh is designed for regulated assets and focuses on compliance with regulatory requirements, ensuring that its activities align with Shariah principles. It uses a customer due diligence process to verify all actors on the chain and ensures confidential asset issuance and transfers, which are in line with Islamic finance guidelines.