DigiShares, the end-to-end white-label platform for tokenized securities, has joined the Polymath Service Provider Ecosystem. This collaboration gives Polymath users access to DigiShares’ cap table management tool and token sale platform.
Danish-based DigiShares specializes in tokenizing large physical assets. They provide a dashboard for issuers with a share cap table that gets automatically updated when tokens are traded. They also offer an internal exchange.
“There is enormous potential in tokenizing assets—particularly large physical assets like real estate—and having the right technology is critical for increasing adoption,” said Claus Skaaning, CEO of DigiShares. “We very much like the open ecosystem Polymath is creating around the ERC 1400 standard and the Polymesh blockchain initiative, and are excited to be working together to make the world of securities faster, more liquid and more transparent.”
ERC 1400 is a flexible, open source security token standard created by Polymath to bring consistency to how assets are created and handled on the Ethereum blockchain. Because ERC 1400 has been so widely adopted, Polymath has been able to gather market feedback and use the foundation established by the standard to create Polymesh, the first blockchain built specifically for security tokens.
The Polymath Service Provider Ecosystem brings together custody agents, broker-dealers, legal firms, token sale platforms, cap table management providers, KYC/AML providers, and others who can help users create and manage their token.
By joining the ecosystem, DigiShares—who have already collaborated with Polymath on a Wyoming-based project with a real estate company—has integrated ERC 1400 and can onboard tokens created using the standard without additional technical due diligence.
“Real estate tokenization has been getting a lot of buzz lately, but prospective issuers need specialized tools to go to market,” said William Vaz-Jones, Director, Partnership Development at Polymath. “DigiShares focuses on bringing efficiency to the token sale and cap table management processes to make tokenizing property easier and more effective.”
DigiShares provides white-label solutions for the issuance, corporate management and trading of digital assets. The company works with asset managers, investment fund managers, real estate developers, renewables project developers and others interested in more efficient ways of raising capital and managing a large group of investors in their fund.
Polymath makes it easy to create, issue, and manage tokens on the blockchain. More than 200 tokens have been deployed using our Ethereum-based solution and we are now in the midst of launching Polymesh, an institutional-grade blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the inherent challenges with public infrastructure around identity, compliance, confidentiality, and governance.