ZenCrypto UAB launches Equinox multi-chain bridge, bringing cross-chain settlement and interoperability to Polymesh

The Polymesh Association is thrilled to announce the launch of Equinox, a groundbreaking cross-chain bridge developed by ZenCrypto UAB (“ZenCrypto”). Coming into production in the coming weeks, Equinox signals the beginning of a new era of cross-chain settlement for Polymesh and its users, providing a vital gateway to enhanced chain interoperability and utility.

In tandem with this milestone launch, ZenCrypto is pioneering the Solstice Decentralized Exchange (DEX) and the ZENX (Zenith) token to further enhance the digital asset ecosystem. These developments position ZenCrypto as a key player in supporting and expanding the Polymesh ecosystem. 

The Equinox cross-chain bridge will profoundly transform the Polymesh ecosystem by allowing the seamless exchange of assets between Polymesh and Ethereum, addressing the increasing demand for interoperability for digital assets within the Polymesh community. By enabling a wide array of Ethereum-native assets to be utilized within the Polymesh ecosystem, Equinox will generate substantial utility for the network while extending its reach across one of the largest ecosystems in the growing digital assets space.

A feature of Equinox is its ability to wrap POLYX, Polymesh’s native token, on Ethereum for leverage in existing DeFi applications. In addition to enhancing the POLYX token’s utility value, this functionality will significantly increase the exposure of both the POLYX asset and the Polymesh chain. Equinox will also support the wrapping and settlement of BTC, ETH, stablecoins, and many other assets on Polymesh, further broadening the utility and appeal of the network.

ZenCrypto has already minted over 400 assets on Polymesh in preparation for this launch, demonstrating the significant demand and readiness for this multi-chain bridge. The launch of Equinox to the public represents an important step forward for both ZenCrypto and Polymesh, promising to unlock new opportunities and drive further adoption of blockchain technology across capital markets. 

The Solstice DEX, also set to launch from ZenCrypto, will support the trading of both wrapped cryptocurrencies and other digital assets, further increasing the accessibility of digital assets in the Polymesh ecosystem. The Solstice DEX will be linked to the Equinox Bridge via the ZENX token, a native Polymesh token introduced by ZenCrypto to serve as the utility token and cornerstone of the company’s ecosystem. ZENX will make its Initial DEX Offering (IDO) on the Solstice DEX, but early users of the Equinox bridge can gain points to redeem ZENX tokens in the future. 

“With its focus on settlement, Polymesh positions itself as the premier choice for institutions and applications seeking a secure and compliant environment for finalising transactions,” said Sam Dorrer, Director at ZenCrypto. “We look forward to meaningfully contributing to the development of the network and believe Equinox, the Solstice DEX, and ZENX will serve as the first of many successful projects from ZenCrypto within the Polymesh ecosystem.”

In addition to the release of its three seminal products, ZenCrypto will also join Polymesh as a node operator, further solidifying its commitment to the Polymesh ecosystem and underscoring its strategic role in its growth. 

"As the first cross-chain bridge on Polymesh, Equinox will play a central role for Polymesh users and developers by simplifying and securing cross-chain transactions," added Graeme Moore, Head of Tokenization at the Polymesh Association. “This launch is just the beginning of a frictionless financial future, and we look forward to exploring even more ways to create value for the Polymesh community.”

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ZenCrypto UAB

ZenCrypto UAB is a Lithuanian-based company licensed for the custody and exchange of digital assets. With a focus on advancing blockchain technology and decentralized finance, ZenCrypto is committed to building innovative solutions that empower users and enhance the digital economy.

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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.