Announced March 19th 2019, seriesOne is partnering with Polymath to simplify the issuance of security tokens. With the ability to issue securities under numerous exemptions in the US, seriesOne will now use the technology of Polymath for the initial issuance and life-cycle management of security tokens.
seriesOne’s Partnership with Polymath Explained
seriesOne is a securities issuance platform which has the ability to qualify for a number of securities exemptions in the US— Reg D, Reg A+, Reg CF, and Reg S.
They have now turned to Polymath to transform the difficult task of security token management— including initial issuance and life-cycle compliance— into something much more feasible. The end goal will be an end-to-end security token solution.
According to CTO Dmitry Grinberg, seriesOne believes the token control layer offered through Polymath’s ST-20 security token standard will become the industry-wide standard.
seriesOne CEO Michael Mildenberger says the reason behind the choice of Polymath is ultimately investor trust:
“We are confident that working with the Polymath team using the ST-20 protocol will enhance the process of raising capital on our platform.”
Polymath CEO Kevin North described how he and his enterprise are excited to work with seriesOne:
“We are thrilled to be the chosen technology standard for the seriesOne platform, and we look forward to demonstrating yet again how industry can work together to set a standard for creating and managing a successful Security Token Offering (STO).”
seriesOne’s Involvement in the Security Token Industry Explained
The partnership with Polymath isn’t seriesOne’s initial entrance into the security token industry.
Back in November 2018, seriesOne partnered with Bithumb to build a compliant security token exchange in the United States. At the time of this writing, just two security token trading platforms are live in the US— tZERO and OpenFinance Network.
With the integration of Polymath’s ST-20 standard to their existing securities capabilities, seriesOne could potentially emerge as a leading security token issuance platform in the near future.
What do you think about seriesOne partnering with Polymath? Do you agree that the ST-20 will become an industry standard for security token issuance? Let us know what you think in the comments section below.
Image courtesy of Polymath.