Crusher of the Month – Polymath – May 2018 - Crush Crypto

Crusher of the Month – Polymath – May 2018

In the Crusher of the Month series, we will write about a coin/token that we have the most conviction in each month. The time frame will be around 1 month, or until we publish the next Crusher of the Month. In May 2018, our Crusher of the Month is Polymath, ticker POLY.

Polymath is an automated and scalable platform that helps companies issue securities on the blockchain using a standardized token protocol, ST-20.

Through the Polymath Platform, previously illiquid assets such as private company shares, real estate, bonds, and collectibles, can now be tokenized, providing broader access and liquidity to investors and issuers.

Below is an introductory video of Polymath (video is 1:54 long):

Why do we like it?

Security Token is the Next Mega Trend in Tokenization with a Market Size in the Trillions

It is widely considered that security tokens will fuel the next wave for the growth of cryptocurrency. Qualified investors can theoretically purchase fractional ownership of any assets.

Security tokens are promising because it offers a few key advantages compared to traditional equity:

  • 24/7 access. Right now, it is difficult for investors in one country to trade stocks in another country. In the future, anyone can trade security tokens anywhere, anytime.
  • Programmable equity that allows restriction of who can trade the tokens.
  • Elimination of middlemen (clearing house, stock broker, audit system, etc.).

However, since security tokens are investment security, there are strict regulations surrounding the creation and purchase of such tokens. This is where Polymath comes in. The project makes launching security tokens easy and efficient.

The diagram below shows how Polymath works in a nutshell:

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Polymath has a First Mover Advantage

Polymath has by far the most advanced development in the security token space. It currently has over 40,000 investors and 10,000 issuers.

The project partners with tZero, the security token exchange to be established by Overstock, which provides a source of liquidity for tokens launched on the Polymath platform.

Other tidbits relating to the progress of Polymath:

Trevor Koverko, CEO of Polymath, recently did a presentation during Consensus which gave a nice summary of where Polymath is at now (Polymath presentation starts at 53:50 if your browser doesn't support playback of this video on this page):

More Information

Video Summary

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