Securities token platform Polymath has announced partnerships with three companies planning to launch and sell asset-backed security tokens using Polymath’s technology. The three issuers, Corl Financial Technologies, Inc., Ethereum Capital and SeriesX will each have their own securities tokens generated on the Polymath platform in 2018, joining a roster of financial companies already confirmed to tokenize portions of their portfolios.
CEO of Polymath, Trevor Koverko said: “For the first time in history, security tokens will represent shares in traditional financial assets and investment vehicles, including private equity, venture capital, and real estate. These assets and investment vehicles function better as tokens because people want faster, cheaper 24/7 trading functionality. Our security tokens will bring levels of efficiency to the financial markets like never before. We have developed a platform that provides businesses with access to our security token technology for a more effective and seamless transition. We are excited to work with the teams at Corl, Ethereum Capital, and SeriesX, as these companies are progressive innovators that believe in the power of the new digital economy, and can help curtail traditional investing barriers.”