TORONTO, May 26, 2021 / PRNewswire / – Scrypt Asset Management AG (“Scrypt”), a Swiss company that offers institutional investment solutions for digital assets, now operates an authoring node on the new Polymesh blockchain.
Polymesh, which is currently in the testnet phase, is a blockchain for institutional securities specifically for regulated securities, which was specially developed by Polymath to fill the regulatory loopholes in existing blockchains such as Ethereum. The specificity of Polymesh gives it and the applications based on it an advantage in meeting capital market requirements – especially with regard to identity, compliance, confidentiality and governance.
In contrast to general-purpose blockchains, Polymesh requires its node operators to be known, trustworthy and verified capital market participants. This approach eliminates the problems that arise when confirming transactions in the chain of pseudonymous companies in unknown countries. For this reason, Polymath sees companies like Scrypt as ideal participants in its network.
“Institutions are increasingly turning to the blockchain, be it to increase operational efficiency and infrastructure or looking for new sources of income,” said Sylvan Martin, chief operating officer at Scrypt. “Polymesh provides a solid foundation that will play a critical role in helping blockchain companies meet the needs of capital markets and their participants. We are excited to be a core component of their network and look forward to working with them.”
Scrypt was founded in 2018 by a young team with experience in the areas of digital assets and blockchain and was one of the first regulated Swiss companies to offer institutional investment solutions for digital assets. Scrypt aims to promote the increasing decentralization of financial markets so that investors can access a transparent, trustworthy and immutable ecosystem and create value.
“The Scrypt team brings a wealth of expertise and experience in cryptocurrency investing and trading solutions,” he said Chris Housser, Interim CEO at Polymath. “We are pleased that Scrypt has joined our growing Node Network for Polymesh.”
About Scrypt Swiss
Scrypt is a Swiss investment company that offers solutions for institutions to get involved in digital assets. We offer bespoke liquidity and execution through our 24/7 trading platform as well as innovative investment products through our asset management services.
We are building the next generation infrastructure to securely trade, secure, store and generate income with your crypto.
Polymath makes it easy to create, issue and manage security tokens on the blockchain. Our Ethereum-based solution has deployed more than 200 security tokens and we are in the process of launching Polymesh, an institutional blockchain designed specifically for regulated assets. It streamlines outdated processes and opens the door to new financial instruments by solving the identity, compliance, confidentiality and governance challenges associated with public infrastructure.
Check out this 2-minute demo to see a token for our new purpose-built blockchain polymesh being issued in action, or visit https://polymath.network for more information.
Polymath is not a broker-dealer, financing portal, trading platform or otherwise engaged in trading securities or providing advisory services in relation to the issue, purchase or sale of securities. Polymath does not make any company recommendation or advice or proposal discussed in this release.
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