The Polymesh Association (“Association”) is constantly looking for ways to bolster and grow the Polymesh ecosystem. The Association’s primary focus is to drive global adoption of Polymesh as the premier institutional blockchain for regulated assets. To support these efforts, we have launched an Ecosystem Development Fund (EDF) to further incentivize companies that are looking to build, integrate, and utilize Polymesh’s industry leading infrastructure. The Association has carefully selected specific areas we feel are most critical to growing our ecosystem, however, the Polymesh Association is open to considering value added services that fall outside the EDF grant program’s purview.
This document outlines who we are targeting, who is eligible to apply and how to submit an application. Grants will go through a Request for Information (RFI) process. Applicants that the Association determines to add the most value to the ecosystem will then be selected to submit a Request for Proposal (RFP) for selection.
Anyone is welcome to apply for a grant. Projects funded through the EDF will mainly fall under the target categories:
Platforms that interface with investors, issuers, and other stakeholders.
STPs that are looking to integrate Polymesh’s infrastructure.
Agent responsible for maintaining the records of the security owners, potentially including the issuance/cancellation of “certificates” (traditional/digital).
Maintains the registrar and corresponding information for the issuer.
A digital custodian that can enable the safekeeping of POLYX (the native utility token) and/or Polymesh issued security tokens in addition to other services (trade settlement, exchange, clearing, and corporate actions).
Preference will be given to entities that are licensed to custody regulated assets.
Exchanges or liquidity providers that have the required licenses in place to trade security tokens (regulated assets).
Consideration will be given to those who are in the process of obtaining license(s) should they have an expected date of receiving their license(s).
An understanding of Polymesh, security tokens, blockchain, and the security token ecosystem is not required, but strongly encouraged.
In addition to the information provided on your application, note that your project will need to comply with our Guidelines for Milestone Deliverables. In particular, we require all projects to create documentation that explains how the project works. At minimum, written documentation is required for funding. Tutorials or videos are also helpful for new users to understand how to use your product.
In order to reduce the workload for applicants, teams will initially be required to complete a general RFI. This will provide the Polymesh Association with high level information on your company, your project, and your desired goals and outcomes.
Should the Association determine that your project could add value to the Polymesh ecosystem, we will contact the team to discuss the project within a reasonable time frame (1-2 weeks). Should you pass this qualification step, the Association will request you to fill out a brief RFP. Here you will be required to outline project milestones,
estimated timelines, and approximate grant dollar amounts you require (either in full or as a subsidy). While dollar amounts are only constrained by the overall size of the EDF, the Association will consider first and foremost the value add and predicted growth of the ecosystem.
As we anticipate considerable interest in working with Polymesh, we kindly ask you to provide as much detail as possible. Projects with unclear goals or benefits to the ecosystem will be disregarded.
As stated above, the EDF will distribute grants using a milestone approach. Milestones will be clearly determined and agreed upon prior to project development and grant dissemination. Payment will be made in USD (or stable token equivalent) with the possibility of using POLYX as well (as agreed upon).
The Polymesh Association has final say in determining whether the milestones have been achieved, and the corresponding grant eligibility.
The scope of our Grants Programs consists of funding and feedback on delivered milestones. This means that while the Association may not provide hands-on support, we will do our best to direct you to the correct resources (either internally or a third party). We encourage you to join the community in order to get help with specific issues or to stay up to date with the most recent developments.
Accepted grant applications can be amended at any time. However, this may necessitate a reevaluation by the reviewers. If your application has been accepted and, during development, you find that your project significantly deviates from the original specification, please clearly outline the changes to your application. This also applies if there are significant delays.
If your delivery schedule significantly changes, please notify us immediately. Should there be a significant delay, or we are unable to get in touch with you or your team, we hold the right to terminate the grant.