Polymath Network

Polymath Network provides a technology platform for creating, issuing, and managing digital securities on the blockchain. Founded in Toronto, Canada, in 2017 by Trevor Koverko and Chris Housser, the company aims to simplify the complex legal and technical processes required to launch regulated security tokens. Koverko, a serial entrepreneur and early cryptocurrency investor, was inspired to start Polymath after experiencing the difficulties of tokenizing his own private equity fund. His background as a former NHL draft pick for the New York Rangers ended due to a car accident, which led him to pivot to entrepreneurship and eventually into the blockchain space. Housser has a background as a corporate and securities lawyer, bringing essential legal expertise to the venture.

The company's core offering is a white-label software-as-a-service (SaaS) solution, the Polymath Capital Platform, which enables financial institutions, broker-dealers, and asset owners to create their own branded platforms for tokenizing real-world assets. This platform is designed to serve a wide range of clients, from private corporations and fund managers to real estate developers and venture capital firms. Revenue is generated through this white-label solution, which provides an end-to-end system for asset tokenization. The business model is centered on providing the foundational technology that allows issuers to manage compliant offerings tailored to specific jurisdictions and asset types.

Initially, Polymath developed the ST-20 token standard on the Ethereum blockchain, designed to embed regulatory requirements directly into the tokens to ensure only verified and whitelisted investors could hold them. Recognizing the limitations of Ethereum for regulated assets, Polymath spearheaded the development of Polymesh, a purpose-built, public, permissioned blockchain for securities. The Polymesh mainnet launched on October 28, 2021, featuring its own native utility token, POLYX, and focusing on identity, compliance, confidentiality, and governance. The platform's architecture allows for seamless integration via APIs with an ecosystem of custodians, KYC/AML providers, and other financial service providers, enabling clients to build complete digital asset management solutions.

Keywords: security token platform, asset tokenization, Polymesh, Polymath Network, digital securities, ST-20, ERC-1400, real-world assets, RWA, blockchain finance, capital markets technology, token issuance, white-label tokenization, Trevor Koverko, Chris Housser, POLYX, regulated assets, private securities, tokenized equity, cap table management, compliance solutions, digital asset management