What Is Polymesh (POLYX)?
What is Polymath?
Polymath is the ‘Ethereum of security tokens’. It's a token issuing platform providing the technological basis and the tools to create tokenized equity. Companies can issue security tokens to investors on the blockchain.
It isn’t meant for everyone, however. Investors need to complete all the legal compliance checks, including identity verification and money laundering controls, before they can use the platform.
Who created Polymath?
Polymath was founded by two Canadians, Trevor Koverko and Chris Housser. Koverko had previously worked in numerous fintech companies before transitioning into cryptocurrency in 2015. Housser spent four years in Toronto working as an associate in financial and employment law.
A brief history.
July 2017 - The founders establish Polymath Inc. in Barbados.
January 2018 - ICO manages to raise $59m.
August 2018 - Polymath main net goes live with its first five security token offerings.
November 2018 - Polymath introduces a pegged to fiat offering. Security tokens can now be quoted in US dollars.
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