The Polymesh Association is excited to announce virtual asset service provider Sors as the newest node operator on the leading public permissioned blockchain Polymesh.
The Polymesh Association is excited to announce digital assets financial services company Sors as the newest node operator on the leading public permissioned blockchain Polymesh.
Founded in 2018 by an ambitious mix of bankers, lawyers, and technologists, Sors builds and invests in Web3 products for tomorrow’s digital economy. Sors also powers Sorted, a technology company crafting innovative blockchain solutions for untapped markets. Its offerings include a digital assets trading platform, the first and only crypto super-app for emerging markets. Sors is active in the digital securities space via its investment in Black Manta, regulated in Germany and in the custody space via Fortuna Digital Custody registered as a VASP with the Central Bank of Ireland.
Sors’ involvement with Polymesh will serve its mission to create long-term value in the virtual assets industry and empower millions to onboard to blockchain. As a Polymesh node operator, Sors will join 16+ other licensed financial entities securing the network for regulated assets and contributing to its decentralization.
With operations in Asia and Europe, Sors will also expand Polymesh to its global network and the various regulated broker dealers, digital asset custodians, wallets, consultancies, and venture firms that comprise the Sors ecosystem.
“Like Sors, the Polymesh team has been developing transformative technologies that empower institutions and funds to reap the rewards of asset tokenization," said Brian Elders, CEO at Sors. "We are confident that this strategic partnership will be instrumental in enhancing our ability to deliver added value to our clients, further solidifying our commitment to their success."
“As the world gears up to regulate digital assets, it’s great to see Polymesh garner high interest from regulated digital asset service providers like Sors,” said Graeme Moore, Head of Tokenization at the Polymesh Association. “We’re excited to have Sors join the ecosystem and welcome further collaboration to increase accessibility for institutions.”
Sors Digital Assets Limited, headquartered in Ireland and Hong Kong, is a well-established financial services firm established in 2018. The company utilizes blockchain technology to engineer innovative solutions tailored for the Web 3.0 ecosystem. Recognized under the Central Bank of Ireland, Sors operates as a Virtual Assets Services Provider (VASP), showcasing its commitment to compliance and security in the digital assets space.
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.