Security Token Platform, Polymath has partnered with a digital securities fundraising platform that offers a complete solution for issuing security tokens.
On Tuesday, SeriesOne announced the news, stating that the new product will allow issuers to create and manage security tokens.
They are aimed at simplifying “complex tasks” in creating and managing security tokens. According to the firm, the new solution will become the “critical” component of the One digital supply chain ecosystem.
According to his website, Polymath is an essential security token. He has already developed his own standards for tokens, designed to facilitate the trading of complaints, and last month conducted a test showing how a decentralized exchange can be set up to conduct only those transactions that were allowed.
“The level of management of tokens offered by Polymath will become the future standard, and we are happy to work together,” said one of the technical directors, Dmitry Grinberg.
The ST-20 security tokens standard created by Polymath is an extension of the more generalized standard ethereum ERC-1400, which provides the ability to limit blockchain token transfers.
Michael Mildenberger, series One CEO, added that he is “confident” that using the Polymath ST-20 protocol “will improve the process of raising capital on our platform.”
Back in November, the One series collaborated with the South Korean crypto exchange Bithumb to launch a compatible exchange of security tokens in the United States.