Polymesh is a public permissioned blockchain purpose-built for tokenization of regulated and real-world assets (RWAs). It streamlines antiquated processes and opens the door to new financial instruments by solving regulatory challenges around governance, identity, compliance, confidentiality, and settlement. 

It means the blockchain is publicly viewable and accessible, but key network functions like block production and validation are restricted to licensed or registered financial entities approved to operate as Node Operators.

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Polymesh embeds key financial primitives directly into the base layer—such as identity, compliance, and deterministic finality—rather than relying on smart contracts, enabling seamless integration with existing workflows of regulated financial institutions.

Polymesh does not rely on external smart contract standards like ERC-1400. Instead, it defines a protocol-level asset standard, the Polymesh Asset Standard, embedded directly in the blockchain runtime. This native standard ensures uniform functionality and compliance features for all assets, including security tokens, without requiring custom smart contract logic.

Polymesh Private is a licensed variant of Polymesh designed for enterprise deployment in private, permissioned environments, without public participation or public token requirements. It enables entities to leverage Polymesh's compliance-focused blockchain infrastructure with customizable rules, confidential asset management, and controlled access tailored to specific enterprise needs, with the option to migrate to the public Polymesh network when desired.