The Polymesh Association today announced that Balance, Canada’s oldest and largest digital asset custodian, has joined the Polymesh ecosystem as both a node operator and custodian for Polymesh assets. This strategic addition enhances Polymesh’s institutional-grade blockchain technology while providing secure custody solutions for real world assets issued on the Polymesh network including its native token, POLYX, through Balance’s subsidiary and qualified Canadian and US custodian, Balance Trust Company.

The collaboration between Polymesh and Balance strengthens Polymesh’s position as the premier blockchain for regulated assets by bringing a qualified Canadian and US custodian with billions of dollars in assets under custody into its ecosystem of partners and service providers. Furthermore, Balance’s participation through its R&D arm and subsidiary, Balance Research, as a node operator will also contribute to the security, decentralization, and resilience of the Polymesh network.

“We’re thrilled to welcome Balance to the Polymesh ecosystem and enhance the infrastructure available for entities looking to issue, manage, and trade RWAs and other assets on Polymesh. Balance’s extensive experience since 2017 and their proprietary technology stack make them an ideal partner for our blockchain purpose-built for regulated assets.” – Bill Papp, CEO of the Polymesh Association

As a node operator, Balance will join 25+ other entities validating transactions and securing the Polymesh network with its proof of stake (PoS) consensus protocol. In addition, Balance will provide its flagship institutional-grade custody solution for assets on Polymesh, offering both secure offline as well as warm storage with the same functionality and rigorous security standards applied as to the rest of all asset types supported on its platform. Finally, Balance will also support staking for Polymesh’s native token POLYX through a number of popular third-party staking services providers of their client’s choosing, enabling its clients to further augment the security of the blockchain network, while earning staking rewards.

“We’ve witnessed the evolution of blockchain technology and its growing adoption by traditional financial institutions and regulated entities over our nearly eight years of operation. Joining the Polymesh ecosystem as both a node operator and custodian reflects our commitment to supporting infrastructure that bridges traditional finance with the digital asset space. Polymesh’s focus on regulatory compliance and security aligns closely with our values, and we’re excited to help drive institutional adoption of this ecosystem." – George Bordianu, co-founder and CEO of Balance.

Unlike many competitors who rely on third-party custody technology providers, Balance has developed its entire technology stack in-house, providing clients with enhanced security and eliminating potential risks associated with using external vendors. Its leadership team has decades of experience building large scale distributed systems and software companies and surrounds itself with subject matter experts in compliance, finance, and law. This end-to-end ownership and expertise make Balance an ideal partner to bring within the Polymesh ecosystem, which similarly prioritizes security and compliance in building institutional-grade infrastructure.

Established in 2017 and operating as a trust since 2024, Balance has built a comprehensive suite of services including offline storage via custom-built hardware, warm infrastructure, fiat custody, collateral management, and escrow services. Its involvement with Polymesh comes at a time of significant growth for the Polymesh ecosystem, which continues to expand its infrastructure for tokenized real world assets across various markets including real estate, private equity, debt, and carbon credits.

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About Balance

Balance connects its clients to top-tier providers such as Attestant, BlockFills, Coinbase, and DARMA through its digital asset rails, enabling them to stake, lend, and liquidate billions of dollars’ worth of assets directly from the comfort of Balance Trust Company, its qualified custodian. To learn more, visit www.balance.ca

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About Polymesh Association

The Polymesh Association is a not-for-profit dedicated to the growth of the Polymesh ecosystem through Polymesh and Polymesh Private. Polymesh is a leading public permissioned blockchain purpose-built for real world assets that streamlines capital markets and opens the door to new financial products. Polymesh Private is a private permissioned instance of Polymesh that can be deployed by enterprises.

Visit polymesh.network to learn more.