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Polymath, called by some the “Ethereum of security tokens,” is an ERC20 token that plans to be a security token platform. The platform will allow the launch of financial services on the blockchain and create a new security token standard: ST-20. Polymath’s ST-20 token standard makes the process of creating and investing in security tokens much easier. Polymath is led by Trevor Koverko, the New York Rangers hockey team draft pick, and tech entrepreneur. Koverko has also invested in several other cryptocurrency projects like Shapeshift.io and EOS.
The rocky operation of crypto firms could soon end after Coinbase fronted seven firms to help other companies avoid security violation.
With this tremendous growth and the widespread availability of crypto technology, STOs may soon be a viable way for most companies to raise revenue. However, some aspects of the STO bear a bit of explaining beforehand.
Salesforce unveiled their local blockchain solution developed on the Hyperledger Sawtooth platform to help users create and share blockchain objects in the same process as any CRM data object.
Security token platform Polymath has teamed up with Loopring to trial peer-to-peer trading of security tokens on a decentralized exchange.
The funds raised will be used for developing new products and recruiting more people for the Nomics engineering team in 2019.