Bybit LearnTopicsLatest HappeningsBlogBybit GuidesExpertsEcopedia
Log In
Sign Up
Bybit Learn
Sign Up
Topics ExplainersCurrent Page

Polymesh (POLYX): A Security Token Blockchain for Regulated Markets

Intermediate
Explainers
Blockchain
Altcoins
Nov 27, 2023
9 min read
0

AI Summary

Show More

Quickly grasp the article's content and gauge market sentiment in just 30 seconds!

Detailed Summary

Security tokens — cryptocurrencies that entitle their holders to part-ownership of a crypto platform – have been designed specifically for the purpose of mirroring the function of ownership shares and certificates used in traditional financial instruments. However, despite the seemingly straightforward nature of the concept, the actual implementation and effective ongoing management of security tokens on a typical blockchain is challenging.

Polymesh has emerged as a major blockchain platform that focuses directly on comprehensive security token issuance and management. The platform has opened up new and previously unavailable opportunities for crypto operators, startups and investors in areas such as real-world asset (RWA) tokenization and new financial instruments that reside exclusively on a blockchain.

From meeting regulatory requirements for security assets to providing robust identity and privacy management solutions, Polymesh has it all if your goal is to issue, sell or buy security tokens.

Key Takeaways:

  • Polymesh is a public permissioned blockchain focused on the complete lifecycle of security token management and trade.

  • The Polymesh platform has established a unique environment to facilitate securities tokenization and trade, thanks to features like a fork-resistant governance model, user identity verification, automated compliance procedures, transaction confidentiality and nearly instant settlement.

  • You can buy POLYX, Polymesh's native token, on Bybit as a USDT Perpetual contract.

Grab Up to 5,100 USDT in Rewards

Also, enjoy 555% APR on Bybit Earn products!

Start Earning Now