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November 24, 2022

TaroFi to receive a grant through Polymesh’s EDF for building a Polymesh decentralized exchange

Security token issuance and management platform TaroFi will receive a grant through Polymesh’s Ecosystem Development Fund for building a decentralized exchange on Polymesh.

The Polymesh Association is pleased to announce that security token issuance and management platform TaroFi (previously TerraChain) will receive a grant through Polymesh’s Ecosystem Development Fund (EDF) for building a decentralized exchange on Polymesh.

The collaboration will see TaroFi establish a legal entity and compliance infrastructure for a Polymesh-based decentralized exchange that will eventually host Polymesh native digital assets. The DEX will enable users to trade digital assets on Polymesh in a non-custodial manner without the need for a central intermediary to facilitate asset transfers or custody. 

Aside from bringing value to the blockchain through the creation and democratization of Polymesh native digital assets, the integration is expected to propel the growth of Polymesh’s ecosystem with an open API that allows interactions from other permissioned issuance platforms for listing and trading.

“Digital securities are the inevitable future, but it takes the right technology to create truly global capital markets that are actually usable by people or businesses outside of the crypto-sphere while remaining compliant with regulations” says Dominic Niolu, Co-Founder and CEO at TaroFi. “Polymesh clearly foresaw this when it designed its fit-for-purpose infrastructure for regulated assets, and we’re excited to funnel its ecosystem towards that future with our Polymesh decentralized exchange”. 

TaroFi is a digital security issuance & investment platform that aims to democratize private market investing by eliminating accessibility & asset level information barriers that currently keep all but the largest institutional businesses & investors from interacting. The platform allows private companies, real estate owners & developers, investment funds, and lending groups to easily tap into a global audience of investors to raise capital or access liquidity by issuing digital securities. The platform is made to be just as usable by SME’s and retail investors as it is by larger issuers or institutional investors.

“It’s great to see TaroFi democratize access to historically exclusive areas of capital markets,” says Graeme Moore, Head of Tokenization at the Polymesh Association. “It’s encouraging to see companies aren’t just integrating Polymesh with their existing tech stack but are enthusiastic enough about Polymesh’s potential that they’re choosing to build entirely new infrastructure on the blockchain”.

Formed in June 2022, Polymesh’s EDF is equipped with $10 million USD to flexibly distribute grants to projects determined of value to the Polymesh ecosystem. Priority categories include security token portals, broker dealers and alternative trading systems, transfer agents/registrars, custodians, and infrastructure such as TaroFi’s Polymesh DEX. 

Companies interested in applying for a grant through the EDF can get in touch with us here.

About TaroFi

TaroFi is a global technology & financial services company headquartered in Seattle, USA. The company provides an end-to-end asset tokenization & digital security issuance service & subsequent investor management platform for issuers and an easy to use investment platform for investors. TaroFi has a global network of broker dealers & advisory partners to provide capital access on platform. By utilizing TaroFi, issuers can raise capital from a global audience of investors and automate all subsequent reporting needs while investors receive equal access to investment opportunities along with the transparency necessary to make informed decisions.

Please visit http://tarofi.io to learn more.

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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