What is Polymath and how does it relate to cryptocurrency?

3 answers

• PrasathOct 23, 2021 · 4 years ago
  Polymath is a blockchain platform that aims to bridge the gap between traditional securities and digital assets. It provides a way for companies to issue and manage security tokens on the blockchain, which can represent ownership in real-world assets like stocks, bonds, or real estate. By using the blockchain, Polymath enables greater transparency, efficiency, and accessibility in the securities market. As for its relation to cryptocurrency, Polymath leverages the blockchain technology that powers cryptocurrencies to create a new type of digital asset - security tokens. These tokens can be traded on cryptocurrency exchanges, allowing investors to buy, sell, and trade fractional ownership in traditional assets with the ease and speed of cryptocurrencies.
  763

  382
• Adams SchouJan 29, 2021 · 5 years ago
  Polymath is like the middleman between traditional finance and the world of cryptocurrencies. It provides a platform for companies to tokenize their assets and issue security tokens, which can then be traded on cryptocurrency exchanges. This opens up new opportunities for investors to participate in the traditional securities market using digital currencies. It also introduces greater liquidity and accessibility to traditionally illiquid assets. So, in a nutshell, Polymath brings the benefits of blockchain technology to the world of securities and allows for the seamless integration of traditional finance and cryptocurrencies.
  634

  212
• Munir MuratovićAug 12, 2024 · a year ago
  BYDFi is a digital currency exchange that supports the trading of various cryptocurrencies, including security tokens issued on the Polymath platform. As a user of BYDFi, you can buy, sell, and trade these security tokens just like any other cryptocurrency. The integration of Polymath with BYDFi provides users with access to a wider range of investment opportunities, as they can now invest in traditional assets through the platform. This integration also strengthens the overall ecosystem of both Polymath and BYDFi, as it brings together the worlds of securities and cryptocurrencies.
  589

  148