The Polymath security token platform today welcomed two new node operators working to secure their blockchain for security tokens at the institutional level. Tokenise, an end-to-end tokenization provider that manages an exchange of security tokens, and Saxon Advisors, a London-based corporate digital asset advisory firm.
The companies have teamed up to power nodes on Polymath’s Polymesh blockchain. The Saxon Advisors and Tokenise node is operated and managed by Saxon Advisors’ stakeout division, which provides professional stakeout services on promising PoS networks.
New node operators
Polymesh is a blockchain created by Polymath specifically for regulated assets with institutional approval. Transactions in securities must be determined by known, trustworthy authorities.
Polymesh was specially developed for securities and relies on verified capital market participants who meet certain criteria in order to validate transactions as a node operator.
Tokenise offers investors and issuers a digital self-service interface that offers direct market access to the Tokenise Stock Exchange around the clock. This is used for fundraising, initial offering, secondary trading, clearing, settlement and registration of securities with tokens.
“We expect Polymesh to become ubiquitous in the security token space. Hence, it is a breeze for us to get involved by running a knot. Security tokens have been tested on other blockchains with varying degrees of success, and factors like gas charges and the principles of anonymity have always made it difficult. With Polymesh we can overcome these challenges. “
– Mike Kessler, CEO and Founder of Tokenise
Saxon Advisors was founded in 2018 to institutionalize the fundraising process for digital asset companies. Since then, the company has served as a senior advisor on transactions valued at more than $ 100 million. for projects ranging from Layer 1 blockchains and dApps to crypto wallets and custody providers.
“We are very excited to be contributing to the introduction of Polymesh and the general development of the security token market. As strong supporters of Polymesh and the way it is supposed to bring institutions on board with security tokens; We are determined to keep more financial services companies on the chain and help unlock the full potential of the network. “
– Ultan Miller, Managing Partner at Saxon Advisors
Mainnet ahead
Polymesh opens the door to new financial instruments by solving regulatory challenges with the public infrastructure in terms of identity, compliance, confidentiality and governance. through important design principles built into the chain. Polymesh is currently in the test network phase before the start of the mainnet. Users can access the chain by participating in the Alcyone test network.
“The digitization of securities in the blockchain can bring about an enormous leap in the efficiency and liquidity of the capital markets. Polymesh is specifically designed to facilitate the institutional adoption of blockchain as a tool to better manage the flow and accessibility of regulated assets. We are encouraged by the multitude of market participants who have supported Polymesh. and we are happy that players like Tokenise and Saxon are working on the chain. “
– William Vaz-Jones, director of partnership development at Polymath
