Ken Chigbo
Independent Analyst
- 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.
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