DigiShares, the end-to-end white label platform for tokenized securities, has joined the Polymath Service Provider Ecosystem. This collaboration gives Polymath users access to DigiShares’ cap table management tool and token sale platform.
“There is enormous potential in tokenizing assets—particularly large physical assets like real estate—and having the right technology is critical for increasing adoption,” said Claus Skaaning, CEO of DigiShares. “We very much like the open ecosystem Polymath is creating around the ERC 1400 standard and the Polymesh blockchain initiative, and are excited to be working together to make the world of securities faster, more liquid and more transparent.“
ERC 1400 is a flexible, open source security token standard created byPolymath to bring consistency to how assets are created and handled on the Ethereum blockchain. Because ERC 1400 has been so widely adopted, Polymath has been able to gather market feedback and use the foundation established by the standard to create Polymesh, the first blockchain built specifically for security tokens.
The Polymath Service Provider Ecosystem brings together custody agents, broker-dealers, legal firms, token sale platforms, cap table management providers, KYC/AML providers, and others who can help users create and manage their token.
By joining the ecosystem, DigiShares —who has already collaborated with Polymath on a Wyoming-based project with a real estate company—has integrated ERC 1400 and can onboard tokens created using the standard without additional technical due diligence.
“Real estate tokenization has been getting a lot of buzz lately, but prospective issuers need specialized tools to go to market,” said William Vaz-Jones, Director, Partnership Development at Polymath. “DigiShares focuses on bringing efficiency to the token sale and cap table management processes to make tokenizing property easier and more effective.”
