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Settlement on blockchain does not yet exist, but not for lack of effort or interest. The reasons here are varied, but can be broken down most easily in two ways: by definition and through mechanics. By definition, settlement does not yet exist on blockchain because it is defined by the real-world processes and regulated participants involved in what constitutes a settled transfer of assets; without those regulations and counterparties, settlement can’t exist on blockchain. But we’re confident these pieces will come with time.

What we’re more concerned with and prepared to solve are the mechanics of why settlement on blockchain…


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TORONTO— October 20, 2020: Coinbase Custody, a US-based qualified custodian specializing in digital asset custody for institutions, has been added to the Polymath Service Provider Marketplace. Polymath users now have access to Coinbase’s secure and battle-tested custody storage, while minimizing onboarding friction on all sides.

The Polymath Service Provider Marketplace brings together an ecosystem that includes custody agents, broker-dealers, legal firms, cap table management providers, KYC/AML providers, and others who can help users create and manage their token.

“Institutions adopting digital asset solutions need an ecosystem that provides a comprehensive suite of tools,” said Steven Capozza, Coinbase’s Institutional Coverage Group…


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If you’re new to security tokens or an experienced blockchain user, finding information tied to your keys and accounts like assets and transaction histories can be convoluted and downright confusing. For example, your typical block explorer is an excellent tool for users to monitor transactions, but only if you know what you’re looking for. Otherwise, it’s a series of meaningless letters and numbers that don’t tell you much.

With the Polymesh Dashboard, users can easily manage keys, accounts, and assets, everything related to their Polymesh IDs and on-chain profiles. …


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Blockchain governance is the set of rules that outline how a chain is managed, how changes are implemented, and who the key decision makers are — simply put, it’s the constitution that guides a blockchain. Governance can be a very important and difficult topic for any blockchain, not to mention one built for security tokens, where the chain is not only the source of truth for potentially billions of dollars, but must also allow investors, issuers, and capital markets participants to fulfill their regulatory obligations.

Look no further than the challenges faced when trying to implement changes to general-purpose blockchains…


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An essential feature of the current capital markets ecosystem is ensuring that private transactional information (who holds a security and how much they hold) remains confidential at all times. This is where one of the key challenges with public, general-purpose blockchains comes into play — anyone can see the contents or holdings of any public address. And while users can easily have confidential transactions and balances with layer-2 solutions, they come with an unworkable compromise: to add confidentiality, they must sacrifice compliance. For these layer-2 solutions to maintain privacy of transactions, issuers are unable to configure compliance rules or report…


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Today marks the release of Polymesh Testnet II: Alcyone. Much like it’s predecessor Aldebaran, Alcyone is the name of a star within the Taurus constellation, a nice nod to our Polymath brand bull.

Whereas Testnet I was predominantly user-facing, much of what Alcyone brings to life is under the hood of Polymesh, with new enterprise features to help institutional users clear the roadblocks found on public, permissionless blockchains.

Here’s what you can expect from Alcyone:

Confidential Assets Infrastructure On public chains, anyone can see the contents of a public address. While users can easily make transactions and balances confidential with…


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As compliance requirements continue to evolve, participants in the space have needed to put in place increasingly complicated, often-proprietary systems to remain compliant. While these systems may add elements of automation to complex compliance rules, they still require manual intervention making them far from the end-to-end automation that’s needed to deal with a convoluted process of complying with regulations in multiple jurisdictions. The nature of this ineffective automation passes along the costs to all participants, making them inefficient as well.

In addition to a lack of automation, current approaches to compliance on general-purpose blockchains are unable to deploy a complex…


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The objectives of most securities regulators is to provide protection to investors from unfair and fraudulent practices, foster fair and efficient capital markets, and contribute to the stability of the financial system and the reduction of systemic risk to facilitate capital formation. In order to fulfill their mandate, securities regulators not only require issuers to provide fulsome public disclosure and reporting but also require participants to validate customer identities through Know-Your-Client (KYC) obligations.

For general-purpose blockchains, meeting regulatory requirements, like knowing who someone is, runs counter to core aspects of blockchain ethos, particularly pseudonymity and censorship. And while identity solutions…


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“…the challenge is about taking things that are infinitely complex and making them simpler and more understandable.”

Robert Greenberg said this in 2006 in reference to the challenges facing advertising, but it’s especially poignant today. In fact, the idea of turning complexity to simplicity and understandability is ingrained in Polymath’s DNA. Our mission is to automate and simplify finance using blockchain technology and our latest version of Token Studio showcase exactly what this means.

The new Token Studio on Polymesh will be the gateway for users to create, issue, and manage their security tokens and can be tested now on…


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With Polymesh Governance, POLYX holders have the opportunity to influence the direction of the Polymesh blockchain. They can do this by submitting a Polymesh Improvement Proposal (PIP) through Polymesh Governance. Other POLYX holders vote on the proposal, with approved proposals voted on by the Polymesh Governing Council for implementation.

The quality of the proposal can be one of the best predictors of it passing — it will be more easily understood by the POLYX community and Governing Council, and more explicit in implementation. …

Polymath

Interfacing Securities and the Blockchain

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