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March 14, 2024
Polymesh News

DigiClear becomes the first Central Securities Depository to join Polymesh as a node operator

DigiClear, a leading expert in digital assets custody and the world's first regulated central securities depository exclusively for digital assets, is now a Polymesh node operator.

The Polymesh Association is excited to share that DigiClear, a leading expert in the custody and settlement of digital assets, is now a node operator supporting the public permissioned blockchain Polymesh.

The collaboration will enhance institutional support for Polymesh by bringing a key regulated entity in security token trading and custody to its network of node operators. 

Owned by Tokenise, DigiClear is the world’s first regulated central securities depository (CSD) exclusively focusing on the custody and settlement of digital securities. DigiClear provides real-time gross settlement for trading on the Tokenise Stock Exchange and integrates the immutable Polymesh ledger to store information and provide integrity to the entire issuance of securities in Digiclear’s custody. 

Established to facilitate the settlement of trades undertaken through the fully regulated Tokenise Stock Exchange, DigiClear operates a digital settlement facility that utilizes Polymesh as a key component to demonstrate settlement finality. It keeps an indelible record of the underlying security token holdings on-chain as well as on a separate immutable ledger, namely Codel, ensuring transactions can be settled without using the blockchain if required. 

“It was a natural decision for DigiClear, which utilizes the Polymesh blockchain, to become a node operator and support its operations directly in this technical manner,” says Mike Kessler, CEO and Founder of Tokenise. “We’re excited to strengthen our relationship with Polymesh and continue to expand the ecosystem.”

“Tokenise were early supporters of Polymesh’s purpose-built approach for tokenized real world assets, and we look forward to further collaboration through Tokenise and DigiClear,” says Graeme Moore, Head of Tokenization at the Polymesh Association. “It’s incredibly significant that the first CSD regulated for digital assets is supporting Polymesh as a node operator.” 

DigiClear’s parent entity, Tokenise, is the first company to operate a regulated brokerage, stock exchange, and CSD under one roof. Tokenise and it’s related companies have been a Polymesh node operator since its launch in October 2021 and minted its first assets on Polymesh using DigiClear in July 2022. 

About DigiClear

Digiclear is a Central Securities Depository, which provides real time gross settlement. The technology proves integrity of the entire issuance and safekeeping of tokens by using the blockchain to retain and store information on an immutable ledger.

About Tokenise

Tokenise was established to create a unique opportunity for fan based investment in a number of new asset classes through the creation of digital securities. The launch of Tokenise will create a new paradigm of regulated securities designed to provide direct fractional ownership of assets such as music or film royalties.

By building a complete investment ecosystem Tokenise was the first company to achieve ownership of a regulated stock exchange, brokerage and central securities depository. 

About Polymesh

Polymesh is an institutional-grade permissioned blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving challenges around governance, identity, compliance, confidentiality, and settlement.

Visit polymesh.network to learn more

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