KUALA LUMPUR, March 15 (Bernama) -- Polymath, a decentralised platform creating and managing security tokens, and BMI Coinstreet Digital (BC Digital) have partnered with STO Global-X (STGX) to create end-to end technology solution for STOs in Asia.
“We want the community to understand that Polymath’s mission is to facilitate the digitisation and management of assets, both directly and indirectly. In this case, we are pleased to power the tokenisation solution and be the chosen protocol for great brands like Coinstreet and STO Global-X,” said Polymath chief executive officer, Kevin North.
“We want the community to understand that Polymath’s mission is to facilitate the digitisation and management of assets, both directly and indirectly. In this case, we are pleased to power the tokenisation solution and be the chosen protocol for great brands like Coinstreet and STO Global-X,” said Polymath chief executive officer, Kevin North.
BC Digital, a leading security token advisory and service firm will launch its security token issuance, OTC trading, and exchange operation with STGX’s platform to put real-world assets into fractional ownership on the Blockchain.
The platform will offer investors a digital investment marketplace that’s secure, transparent and inclusive; P2P (peer-to-peer) with no middlemen and in a market that operates 24/7, according to a statement.
Under the partnership, STGX will incorporate Polymath’s protocol and token specifications, including ERC1400 - The Security Token Standard - which will sit as the base layer technology for security tokens created through STGX’s issuance platform.
ERC1400 is the community-driven, Polymath-led standard for security tokens that is backwards compatible with ERC20, allowing security token issuers to maintain compliance through transfer restrictions among other functionalities.
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