Buy Polymesh (POLYX)

What is Polymesh (POLYX)?

Polymesh (POLYX) is an institutional-grade permissioned blockchain designed specifically for regulated assets, such as security tokens. By addressing the unique needs of issuers, investors, and regulators, Polymesh aims to streamline outdated processes in capital markets and enable the creation of new financial instruments.

How does Polymesh (POLYX) work?

Polymesh is built using the Substrate framework, enabling a modular blockchain tailored for security tokens and regulated assets. It employs a Nominated Proof-of-Stake (NPoS) consensus mechanism with the GRANDPA finality gadget, ensuring secure and efficient operations. The BABE algorithm is used for block production.

Polymesh does not heavily rely on smart contracts for core functionality, instead integrating financial primitives directly into its protocol. However, it supports WebAssembly smart contracts using the ink! language, allowing developers to create custom solutions for asset management and compliance.

What are the potential use cases for Polymesh (POLYX)?

Polymesh provides a robust infrastructure for several real-world applications, including:

• Real Estate Tokenization: Transforming property into digital assets for easier management and trading.
• Security Token Issuance: Enabling compliant creation and lifecycle management of digital securities.
• Private Equity: Facilitating the tokenization of private equity assets for liquidity.
• Carbon Credits: Supporting tokenized carbon credits for environmental finance.
• Corporate Governance: Managing shareholder voting and governance processes digitally.
• Compliance Management: Simplifying regulatory compliance for digital assets.

Key industries include real estate, private equity, carbon markets, financial services, and RegTech.

What is the history of Polymesh (POLYX)?

Polymesh was developed by Polymath, the team behind the first security token platform and the ERC-1400 standard. Recognising the limitations of general-purpose blockchains for regulated assets, Polymath launched Polymesh as a purpose-built solution.

Key milestones include:

• October 2021: Launch of Polymesh’s genesis block by the Polymesh Association.
• Integration with AlphaPoint: Enhanced asset digitization and exchange solutions.
• Market Success: Surpassed $1 billion in market capitalisation.

Polymesh has evolved into a comprehensive blockchain ecosystem for regulated assets, with a focus on tokenization, compliance, and institutional adoption.

Notable Partnerships

Polymesh has formed partnerships with key players in the tokenization and blockchain space, such as:

• AlphaPoint: For asset digitization and exchange solutions.
• ABC Tokens: Utilising Polymesh for tokenized real estate projects.
• Polymath’s Capital Platform: Built on Polymesh for end-to-end tokenization services.