Polymath, a securities token launch pad, and liquid security tokenized VC fund SPiCE VC are launching an industry initiative. Together, the companies will work on implementing governance mechanisms for security tokens, work with regulators on improved frameworks for security tokens in major jurisdictions, improve on protocols and standards for securities tokens, and work with exchanges to support their regulatory needs. The collaboration between Polymath and SPiCE VC is a step towards the construction of an industry consortium designed to progress the potential of the tokenized securities market.
The goal of Polymath is to make security tokens available to investors in a fully compliant and regulated manner. The platform will serve as a launch pad for companies looking to create and issue securities tokens. Polymath’s mission is to become the open-source standard for launching AML/KYC compliant securities tokens. SPiCE VC offers the traditional VC exit model to investors while making investments in the fund liquid on the blockchain from the start. It believes that regulation-complaint security tokens are the future of securities, not only in tech, but across all companies, funds and assets.