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Blockpass to Offer Onboarding Services to Polymath Clients

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Blockpass to Offer Onboarding Services to Polymath Clients

Strategic Collaboration

Polymath has recognized a need for providing its clients with access to regulatory compliant investor onboarding services. Seeking a provider, they have now announced an alliance with Blockpass.

This alliance will see Blockpass provide token issuer’s access to a growing pool of pre-verified investors. In doing so, potential issuers can rest easy, knowing that their offerings only provided to appropriate investors. This means that these pre-verified investors have already undergone KYC and AML measures, ensuring they are accredited.

The goal of this move is simple – lower barriers of entry to the issuance of digital securities. By providing access to services rendered by Blockpass, potential token issuers can remove one more thing off of their lengthy token-issuance checklist. Blockpass grants access to its services through AP, making the process even easier and more attractive.

Commentary

Upon making their announcement, the CEO of each, Blockpass and Polymath, took the time to comment. The following is what each had to say on the matter.

Adam Vaziri, CEO at Blockpass, stated,

“This partnership is the latest step we have taken to streamline the painstaking and cumbersome process of onboarding investors. There are many synergies between Polymath’s proposition and our own, in that we are both striving to create simplified and compliant solutions.”

Kevin North, CEO at Polymath, stated,

“We are very excited to announce our collaboration with Blockpass…This represents our continued efforts to provide Polymath issuers with access to best-in-class KYC solutions like Blockpass.”

Blockpass

Blockpass is a Hong Kong, China, based company, which was founded in 2017. Above all, Blockpass works to provide the digital securities sector with solutions tackling regulations and compliance.

To date, Blockpass has already experienced minor adoption, as they have seen their services integrated with Infinito Wallet – bringing support for digital securities in the process.

Company operations are overseen by CEO, Adam Vaziri.

Polymath

Polymath is a Toronto, Canada, based company, which was founded in 2017. The company has established themselves as an industry leader through a variety of offered services. These platform services include specialized protocols, allowing for the issuance of customizable digital securities.

Polymath recently caught the attention of industry participants, as they announced the on-going development of a blockchain purpose built for digital securities. This blockchain is known as ‘PolyMesh’.

Company operations are overseen by CEO, Kevin North.

In Other News

Pre-verification of investors has become an increasingly popular option among industry participants. This is made evident through various established partnerships, beyond the one discussed here today. Here are a few examples of companies aligning their interests over the past few months.

Entoro to Act as Placement Agent in Upcoming Leonovus ‘Galaxa’ STO

Zapaygo STO to Benefit from Vertalo and DealBox Services

Ben Franklin Gives Access to ‘Go Philly Fund’ with the Help of Securitize

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Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Issuers

Securitize Enables Investors to Allocate their Retirement Savings via AltoIRA.

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Securitize Completes STO for AltoIRA

The security token issuance platform, Securitize achieved a major milestone for the entire security token community this week. The firm successfully enabled the very first-ever investment into a security token offering (STO) from an individual retirement account (IRA). The news demonstrates further security token adoption by traditional investment firms and a desire by more investors to participate in this expanding sector of finance.

Discussing the important milestone, Carlos Domingo, Co-Founder, and CEO at Securitize explained the overall excitement surrounding the project. He spoke of the importance of facilitating direct IRA investments to open the market. Domingo described how the new strategy provides millions of investors with direct access to new capital connected to the Securitize platform. He also took a moment to touch on what the developments meant for other digital securities issuers.

AltoIRA

In order to make this revolutionary concept a reality, Securitize created a strategic partnership with the alternative investment firm – AltoIRA. The firm directly integrating Securitize’s DS Protocol in order to automate the entire process. In this manner, interested parties can directly invest their IRA savings into alternative assets such as security tokens. Notably, the new system is far more cost-effective than traditional IRA investment methods.

Discussing the maneuver, Eric Satz, CEO at AltoIRA explained how “thrilled” his company was to be a part of the first-ever direct investment into digital securities via an IRA. He hopes that the integrations will help investors achieve a truly diversified portfolio moving forward. Lastly, he spoke on the limited market exposure security tokens received to date. Currently, around only 2% of all alternative assets are held within retirement funds such as IRAs and 401ks.

AltoIRA via Homepage - Securitize

AltoIRA via Homepage – Securitize

Part of the reason for this lackluster market penetration is that traditional custodians lack the digital infrastructure to participate in these new markets. Now, AltoIRA users can enjoy access to tokenized private equity, venture capital, and real estate. Also, these users can now invest directly into cryptocurrency from their retirement accounts as well.

CityBlock Capital

For its part, AltoIRA chose to provide investors with access to the CityBlock Capital fund. The venture capital firm CityBlock Capital is best known for its flagship private fund. The fund has a focus on blockchain startups with the overall goal to simplify access to tokenized finance and digital asset trading.

Robert Nance, Managing Partner at CityBlock Capital explained why they choose to utilize the Securitize platform over the competition. He stated that Securitize is a leading solutions provider in the industry. He also spoke on the ability to unlock untapped liquidity via the use of blockchain technology.

Securitize Your Future

Securitize continues to expand the functionality of the entire blockchain sector. You can expect this latest venture to speed up security token adoption in a major way. Now IRA investors have new opportunities to participate in the new age economy as it develops.

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Polymath Integrates Scout’s Data Dashboard

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Polymath Integrates Scout Dashboard

The hugely popular security-token issuance platform, Polymath has taken steps to improve its functionality and UX. This week the platform announced the successful integration of Scout’s analytics dashboard. The decision to utilize Scouts proprietary technology showcases  Polymath’s desire to remain a top player in the industry.

According to company documents, Scout’s dashboard will now be available for all Polymath users. The new dashboard provides users with a more effective and easier way to monitor data usage of all ST20 tokens. ST20 tokens are the native token to the Polymath platform.

This system will allow both Polymath employees and users to better predict emerging market trends. In turn, the firm intends to utilize the new functionalities to build better products moving forward. Basically, company executives want to be able to better track security token usage and measure it against industry theories.

Polymath on Issues Fixed by Scout Integration

The new system provides more transparency to the industry. Currently, many investors suffer from a sort of data overload. Providing these users with a more tangible solution for market analysis could prove to be one of the best moves the firm has made to date.

Forecasting

There are so many factors involved in forecasting future trends in the market. Currently, this creates a situation where many investors get lost in a fog of endless data. Unfortunately, this confusion also provides nefarious actors with more opportunities to dupe investors who lack the proper industry insight. Polymath wants to eliminate this confusion so that all investors have the information they need to make well-informed decisions in a timely manner.

Fully Accessible

The Scout dashboard is a fully accessible alternative to the status quo. This unique monitoring and tracking software enables a new level of industry insight that was previously unavailable to investors in the security token sector. Consequently, Scout’s dashboard takes the guess-work out of security token investing.

Scout Dashboard

The Scout dashboard provides users with an impressive amount of data. This data includes items such as the total number of tokens created and whether or not the token is ERC-1400 compliant. Additionally, the system monitors public data displayed on a per security token basis. Here you can find important information such as the daily and weekly transaction volume and token holders’ growth. You also receive notifications whenever there is a change in token supply.

POLY Tokens

The Scout dashboard monitors a huge variety of ERC-20 compliant tokens including POLY tokens. Importantly, the new display data on the Polymath network reserve provides POLY investors with a new level of market analysis. Currently, there are around 462 million POLYs in circulation out of a total supply of 1 billion.

Polymath Scouts out the Future

Whenever an industry leader such as Polymath makes such a significant upgrade it reshapes the landscape of the sector. You can expect to see other tokenization platforms attempt to duplicate Polymath’s strategy moving forward. For now, Polymath continues to be a major force of influence in the market with this latest add-on which is sure to please users and employees alike.

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Issuers

A Brief Look at the AlphaPoint Token Ecosystem

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AlphaPoint

The AlphaPoint platform provides users with a complete token ecosystem. The fintech firm originally entered the market intending to bring new liquidity via tokenization. Now the platform encompasses a variety of helpful crypto-related tools to help companies and investors further their crypto investment strategy.

AlphaPoint made headlines numerous times last year. The company is one of only a select few that offer both primary issuance and secondary trading solutions to clients. The firm continues to develop its all-inclusive token ecosystem with the final goal to create unmatched enterprise-grade software that makes it easy for companies to play a role in the crypto sector.

Start Your Exchange

AlphaPoint is unique in a couple of key ways. For one, the firm provides users access to digital asset exchange software. This software is a white-label backend solution that removes the technical barriers from firms that want to host their own exchanges. The software allows a company to easily manage the trading of digital assets globally. In this way, the software makes it so that any company can set up and run a crypto exchange.

In a recent report which highlighted the capabilities of AlphaPoint’s new software, developers explained that companies can now trade both traditional cryptocurrencies, as well as, a wide variety of other blockchain-centric assets such as security tokens

Security First – AlphaPoint

Given the history of exchange hacks within the sector, it’s no surprise to see that AlphaPoint put a heavy emphasis on security. The platform incorporates a multitude of systems to keep your crypto safe. A multi-layered architecture along with various other safety protocols provides complete protection for users. Additionally, the software includes full support for KYC, AML, and 2FA.

AlphaPoint via Twitter

AlphaPoint via Twitter

AlphaPoint Remarketer

The AlphaPoint remarketer simplifies the entire crypto investment process. Developers created this feature to allow users to monitor and trade virtual assets across multiple exchanges directly from their AlphaPoint account window. In this manner, AlphaPoint creates a more seamless experience.

Add Liquidity

As part of the firm’s overall strategy to create liquidity in the marketplace, the firm included a built-in foreign exchange converter. This opens up the platform for use by investors across the globe. Consequently, it also brings more liquidity to the market by providing more investors access to the space.

Asset Digitization Software

Tokenization is one of the main features the AlphaPoint platform provides. The system allows enterprise-level users the ability to create tokens easily. These tokens can be from virtually any asset class. Currently, the platform can create security tokens, virtual currencies, or any other form of a digital asset in hours. These digital assets can include commodities, real estate, luxury goods, and shares of a private company.

AlphaPoint Has it All

From the looks of the AlphaPoint token ecosystem, these developers have something unique to bring to the table. The company’s seamless approach to the market creates a more robust and fulfilling investment experience for both token issuers and investors. Moving forward, you can expect to hear a lot more from this camp as the platform’s capabilities expand.

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