Polymesh is the first public, permissioned blockchain that aligns with the requirements of regulated capital markets.
Previously existing blockchains were built on principles that contradict market requirements. Regulated capital markets require identity, compliance, confidentiality, and deterministic finality. Yet most public blockchains were built for pseudonymity, censorship resistance, and transparency, and rely on probabilistic settlement.
Polymesh can redefine the future of banking and finance by providing, for the first time, a chain that captures the transformative potential of blockchain in a way that's compatible with capital markets.
Governance is a tricky topic for any blockchain, but particularly one for security tokens. Forks in the chain expose major legal and tax challenges for security tokens.
Polymesh builds governance into the core of the chain, relying on a council of stakeholders known as the Governance Council to guide the evolution of the chain.
Securities regulation dictates that securities must be associated with an identity, but most public blockchains were built for pseudonymity and censorship resistance.
Polymesh uses customer due diligence to ensure all actors on the chain are verified, from issuers and investors to the node operators who write new blocks to the chain.
It’s important to provide an environment that allows the enforcement of transfer restrictions at scale, but most public blockchains struggle with the complex logic needed to comply with regulations.
Polymesh builds compliance functionality into the core of the chain, enabling even complex compliance requirements to be automated efficiently.
Financial institutions must protect client information to comply with privacy requirements and safeguard financial interests. Non-reporting entities often do not want any ownership or transfer information to become public.
Polymesh has engineered a new patent-pending protocol for securely managing assets in a confidential and auditable way.
Most public blockchains rely on probabilistic finality, but for the blockchain to contain a true representation of ownership, it must provide rapid and deterministic finality.
Settlement finality is possible on Polymesh because of the way governance, identity, and compliance are woven together in the core of the chain.