Polymath Tests Show Security Tokens Can Be Compliant on a DEX
Polymath says its tests showed security token trades on a decentralized exchange would only complete if authorized.
Currently, the tokens are only available in pre-sale. Red Swan is holding investors’ funds in escrow and plans to distribute shares in April.
As part of the transition, Parity has agreed to build certain business-logic features on Polymesh’s base layer.
The firm is soon to launch the first test network for its new blockchain designed to bring new safeguards for financial institutions working with security tokens.
Polymath is partnering with Charles Hoskinson to build a blockchain network specifically designed to support security tokens.
Polymath has partnered with digital securities fundraising platform seriesOne to offer an “end-to-end” solution for security token issuance.