Polymath Taps Crowd Machine to Power White Label Offering for Companies Launching Tokenized Securities
PRESS RELEASE: Security Token Revolution Leader Leverages Crowd Machine to Help Companies Seamlessly Transform Financial Securities into Blockchain Tokens
Barbados & San Jose, CA United States — 22 March 2018
Barbados and San Jose, CA United States, 22 March 2018 — Crowd Machine, the distributed computer for building decentralized apps at speed and scale, today announced a strategic partnership with Polymath that will help companies looking to offer security tokens powered by Polymath to raise capital.
Polymath is a pioneer in distributed ledger technology, merging traditional financial securities with the blockchain to provide an avenue for companies seeking financial services and compliant investments amidst the modernization of fundraising methods, a tricky regulatory climate, and limited access to traditional capital markets. The partnership with Crowd Machine will enable companies and developers to build blockchain-agnostic applications and smart contracts without needing to know how to code so they can easily and safely interact with security tokens powered by Polymath. In doing so, Crowd Machine will dramatically reduce the technological barriers to creating security tokens on the blockchain.
“The partnership with Polymath is exciting for us because we recognize their leadership in the security tokens space and see our technology enabling more companies and projects to bring their ideas to market faster,” said Kurt Pfluger, CSO of Crowd Machine. “We look forward to helping Polymath’s growing network navigate the blockchain and smart contracts associated with the platform to achieve the desired speed and compliance of offerings.”
“Partnering with Crowd Machine gives us a competitive advantage, in that their offering will allow companies to execute more quickly and efficiently than they would otherwise,” said Trevor Koverko, CEO of Polymath. “Without a doubt, Crowd Machine will help our ecosystem grow and function more effectively to create an environment where innovative projects have what they need for successful token launches.”
This partnership comes at an important time for both companies: Crowd Machine’s public ICO is days away, launching on April 1. The synergy between the two will bring broader implementation of both platforms as they build infrastructure for the modern finance system.
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About Polymath
Polymath Inc. (“Polymath”) aims to be the industry first security token launch pad and disrupt the multi-trillion dollar securities industry by creating an open platform that gives global businesses access to the blockchain, smart contracts and token creation technology. The platform helps to form the basis of security tokens. Polymath’s mission is to become the open-source standard for launching securities tokens.
About Crowd Machine
Crowd Machine is revolutionizing the blockchain and decentralized applications sector with technology from Metavine Lab. Coming out of stealth in November 2017, the project involves three core components. The Crowd App Studio offers the most comprehensive high productivity platform as a service available today, including complete application lifecycle management functionality. Crowd Share is a GitHub-like repository where app creators can post components of their apps and be paid whenever their source code is executed. Crowd Computer, a decentralized cloud computer planned for release in Q4 2018, will be used to run the decentralized apps built in the Crowd App Studio.
For more information, please visit:
www.polymath.network
www.crowdmachine.com
For media enquiries, please contact:
Ditto PR: Rosie Dale
rosie@dittopr.co
US: 925–286–4387
