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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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David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com

Issuers

Agora Innovation Secures Funding for IVE.ONE Platform

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Agora Innovation Secures Funding for IVE.ONE Platform

This week, the security token issuance platform, Agora Innovation announced that the firm successfully completed a seven-digit pre-series A investment round. Notably, the main investor was FinLab EOS VC. Now, Agora Innovation is set to expand its capabilities. Specifically, Agora seeks to launch its highly-anticipated IVE.ONE security token ecosystem in the coming weeks. The news showcases more demand for tokenization platforms within the EU and Asian markets, as well as, a major milestone for the IVE.ONE team.

IVE.ONE

IVE.ONE is a regulated issuing and investment platform for trading tokenized securities. Importantly, the platform enables the global trading of digitized securities within the legal framework of a specific region. The use of blockchain technology provides more efficiency in the sector because it enables developers to integrate compliance mechanisms directly into the platform’s tokens.

One of the main concerns for developers of the IVE.ONE platform was scalability. Scalability continues to plague Proof-of-Work blockchains such as Bitcoin. In order for large blockchain adoption to increase, projects need to emerge with the highest scalability possible. As such, IVE.ONE utilizes a unique dual-blockchain setup. The platform can accommodate both ERC20 and EOSIO blockchain tokens.

IVE.ONE promises to deliver some unique and powerful tools to the market. The platform enables advanced tokenization and investments into regulated securities. On top of the tokenization benefits, the firm also provides a proprietary verified digital identities system.

Validity Labs Co-Founder Dr. Sebastian Burgel

Validity Labs Co-Founder Dr. Sebastian Burgel

This system utilizes a blockchain verification system to link users to their respective blockchain wallet addresses. Once linked, the platform employs a rule engine to ensure all the tokens remain aligned with the varying national regulatory requirements set forth.

Agora Innovation – Dual Blockchain Approach

Discussing the new platform’s capabilities, Evgeny Matershev, Agora Co-Founder and Chief Product Officer described the excitement felt by developers after gaining access to the EOS blockchain. Matershev described how the dual-blockchain approach provides greater flexibility for issuers and investors. Additionally, he spoke on how recent updates to EOSIO can ensure the future scalability of the entire project.

Also, Phong Dao, Agora Co-Founder, and CEO chimed in on the status of the project. He described how his firm utilized a seed investment from HTGF one year ago to bring the project to fruition. Notably, he touted how the project provides a better ecosystem for digital assets on the blockchain

Dao explained that the firm will now expand marketing and sales activities into the Asian market. He also stated that the eventual goal is to expand into the EU within the coming year. Lastly, he spoke on the firm’s next moves. These maneuvers include an STO scheduled for the second quarter of 2020.

FinLab EOS VC

Importantly, FinLab EOS VC was the main investor during this funding round. FinLab EOS VC is one of the first and largest investors focused specifically on financial services technologies in the EU market. Also, Stefan Schütze, Managing Director of FinLab EOS VC Fund spoke on how the platform incorporates a complete and automated regulatory framework with an easy to navigate interface.

IVE.ONE is Set to Launch

Considering the added usability and functionality IVE.ONE promises to investors and issuers, there are sure to be some significant advantages over the competition. You can expect to hear more about this exciting project as the launch date approaches.

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Australian Securities Exchange (ASX) Prepares Blockchain Clearing System Launch

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ASX to Launch Blockchain Clearing System

This week, executives from the Australian Securities Exchange ASX made some encouraging statements regarding the firm’s shift towards blockchain technology. The company has spent several years contemplating how to best upgrade its current outdated clearing and settlement system – CHESS. Now, thanks to a team of ingenuitive developers, the entire Australian securities market will now enjoy more efficiency, transparency, and security.

Importantly, ASX was one of the first major securities firms to embrace blockchain technology in the country. Over the last few years, the company shifted its attention to tokenization and security tokens. These technologies are far more efficient than the current business systems in place.

ASX Upgrade

Discussing the upgrade in a recent interview, ASX CEO, Dominic Stevens described the excitement surrounding the entire project. He explained how the new system provides the entire industry with a more streamlined alternative. Specifically, Stevens touted the improved clearing and settlement times the system boasts.

Traditionally, clearing and settlement can take upwards to a week to complete. This delay is due to the involvement of a host of third-party verification systems. All of which add to the total costs of the transaction. In comparison, tokenized securities can settle in hours because they operate in a trustless manner that requires no other verification.

ASX CEO, Dominic Stevens via Financial Times

ASX CEO, Dominic Stevens via Financial Times

Stevens also spoke on the power of risk management and process automation that the new system brings to the market. In terms of risk management, security tokens create liquidity in the sector. As such, this liquidity provides investors with more options. Additionally, smart contracts provide issuers with the ability to integrate certain processes and regulatory requirements directly into a token’s protocol.

Strategic Partnerships

In order to create a new clearing system that could accomplish all the required tasks, ASX made a strategic partnership with the US-based firm Digital Asset (DA). For its part, DA agreed to create and manage the blockchain underpinnings of the platform.

DA is a blockchain infrastructure provider that serves enterprise-level clientele. The firm is well-recognized in the sector. Previously, DA made global headlines after the firm secured $35 million in Series C financing from ASX in December 2019. Today, you can see that funding went to good use.

ASX Prepares to Launch New System

According to company documentation, ASX seeks to begin industry testing as early as July 2020. Unfortunately, the firm provided no additional information as to exactly how, and who would participate, in the new system’s launch.

Australia Blockchain

The land down under continues to shine in the blockchain realm. Ever since government officials proclaimed cryptocurrency legal way back in 2017, the entire industry has experienced growth. Today, Australia holds the registration to 312 exchanges.

ASX – Taking the Australian Blockchain Market to New Heights

This latest news is sure to spark the interests of securities firms globally. Many of these firms have been on the fence regarding blockchain integration. For now, ASX is set to take a leading role in the global market pending a successful launch of its new clearing system.

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Bankhaus von der Heydt Unveils Blockchain Strategy

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VR Bank to Issue Security Token with the help of Tokeny and Lition

This week, the German Bank von der Heyd stunned the EU banking community after revealing plans to issue security tokens and offer custodial services in the coming weeks. The news demonstrates further integration of blockchain technology among the EU’s traditional banking sector, as well as, a desire by Bankhaus von der Heydt to become the industry leader.

News of the new services first broke via a press release. In the release, the private bank shed some light on the project and the progress to date. Company documents revealed that the bank completed its first custodial transactions successfully this month. Additionally, the blog gave some insight into the bank’s future intentions.

Tokenization Strategies

According to reports, Bankhaus von der Heydt will provide commercial clients the ability to tokenize assets via the platform. In this way, bank officials seek to become a major force in the German blockchain sector. Additionally, the bank has plans to issue a EURO-backed stablecoin in the coming months to supplement its digital asset economy.

The new products make Bankhaus von der Heydt the first German bank to provide a digital asset custody solution to clients. As such, the firm hopes to achieve a significant strategic advantage over the competition. Discussing the new strategy Bank von der Heydt managing director,  Philipp Doppelhammer spoke on his firm’s work. He explained that bank researchers spent years observing the blockchain space. This research helped the firm to design relevant products to the current state of the market.

Bankhaus von der Heydt Managing Director Philipp Doppelhammer via Xing

Bankhaus von der Heydt Managing Director Philipp Doppelhammer via Xing

Doppelhammer also explained why these products provide his firm with outstanding added value. As the only German bank to offer licensed digital asset custodial services, Bankhaus von der Heydt is positioned to be a major player in the EU markets. Lastly, he took a moment to let the public know that these products are now ready for the market from a regulatory and technological perspective.

Partnerships

In order to ensure the success of the venture, Bank von der Heydt collaborated with FinTech and blockchain services provider, Bitbond. For its part, Bitbond provided the technical infrastructure surrounding the custodial aspects of the strategy. Additionally, the bank utilized Bitbond’s proprietary technology to develop several asset structuring and asset servicing products as well.

Speaking on the partnership, Radoslav Albrecht, CEO, and founder of Bitbond explained how his firm continues to work with several banks and financial intermediaries to expand the capabilities of the platform. He also touched on the important benefits tokenization brings to the market, such as liquidity.

Additionally, Albrecht described the feeling of excitement surrounding the project. Here he pointed out that this was the first project to use blockchain technology in the area of securitization and private placements in the country. He also stated that his firm was “pleased to cooperate” with the bank, which he labeled a proven industry expert.

Bankhaus von der Heydt Takes the Lead

It now appears that Bankhaus von der Heydt will have a strong positioning in the market moving forward. This firm continues to utilize its unique stance to keep up-to-date on all the latest FinTech trends. You can expect to hear a lot more from this group as its new projects gain popularity in the coming weeks.

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