Cardano (ADA) founder Hoskinson enters a partnership with Polymath
- Cardano (ADA) founder Charles Hoskinson has partnered with Polymath
- Hoskinson has the goal to build a proprietary blockchain for launching fully compliant security tokens.
The co-founder of Cardano (ADA) recently entered into a new partnership with Polymath. It is a project which is dedicated to constructing a security tokens platform.
The platform is dubbed Polymesh, a proprietary blockchain for the issue of tokenized securities and security tokens.
In terms of Hoskinson’s role, he will act as a co-architect on the Polymesh project, with the goal of creating a blockchain with features that are set to match compliance requirements and safety standards for security tokens.
Co-founder of Polymath, Trevor Koverko said:
Polymesh is a new security token layer one blockchain. It is purpose built, since security tokens have unique needs and characteristic that demand a specific foundation. Ultimately, we want to marry issuers, investors and regulators together, which is what the layer one architecture is designed to do.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
