Polymesh (POLYX)

Tokenization

Polymesh is built for tokenizing real-world assets like stocks, bonds, and real estate. It allows companies to issue digital shares or security tokens that represent ownership or rights in these assets.

Regulatory Compliance

It supports identity verification and claim-based compliance, making sure that tokens follow legal rules and regulations automatically.

Asset Management

Users can manage portfolios holding various assets, with permissions to control or transfer ownership securely and efficiently.

Privacy and Security

Polymesh enables confidential asset issuance and transfers, keeping trade details private while maintaining compliance and transparency.

Governance and Fees

The native token POLYX is used for governance decisions, paying transaction fees, staking, and managing security tokens on the network.

Smart Extensions

Polymesh allows custom rules and features to be added to tokens, tailored to specific business needs like compliance, settlement, or custody management.

Pros

• Built specifically for regulated assets, making it ideal for security tokens and real-world asset tokenization.
• Incorporates governance, identity, compliance, confidentiality, and settlement natively, streamlining complex financial processes.
• Uses a nominated proof-of-stake (NPoS) consensus mechanism, which supports network security and efficient validation.
• Enables confidential transactions while maintaining regulatory compliance.
• Has a strong team and good fundamentals, with growing market presence in the regulated asset sector.
• Provides a versatile SDK and API for easy development of security token applications.
• POLYX token supports multiple functions like staking, governance participation, and paying for services on the network.

Cons

• Cannot be bought directly with fiat currency; requires purchasing other cryptocurrencies first.
• Market cap is relatively high, which may limit rapid price growth potential.
• Focused on a niche market (regulated security tokens), which may limit broader adoption compared to general-purpose blockchains.
• Requires understanding of regulatory frameworks, which can be complex for new users.
• Still developing ecosystem compared to larger, more established blockchains.

Founders

Polymesh was co-founded by Trevor Koverko and Chris Housser. Trevor Koverko is also a co-founder of Polymath, the platform behind Polymesh.

Key Collaborators

Charles Hoskinson, co-founder of Ethereum and Cardano, collaborated on Polymesh as a co-architect, helping design the blockchain specifically for regulated assets.

Institutional Investors

Polymesh has one main institutional investor: Saxon Advisors.

Ecosystem Partners

The Polymesh ecosystem includes issuers, investors, custodians, and service providers who support the issuance and management of security tokens.

Collaborations

Polymesh works with partners like Raze Fintech, which helps onboard clients and investors to the Polymesh blockchain for fundraising and token management.

Halal Status of Polymesh

• Yes, Polymesh is generally considered halal because it is designed for regulated security tokens and focuses on compliance, identity validation, and governance.
• It does not inherently involve activities forbidden by Islamic law such as interest (riba), gambling (maisir), or excessive uncertainty (gharar).
• Polymesh’s structure supports transparency and regulatory compliance, which aligns with Islamic finance principles.