Polymath Network (POLY) is an ST20 cryptocurrency token issued on the Ethereum blockchain. At the time of writing, it has a circulating supply of 438,080,672 POLY and a max supply of 1,000,000,000 POLY. Polymath aims to enable trillions of dollars of securities to migrate to the blockchain by creating a global platform for issuing and investing in securities tokens. They plan to accomplish this by upgrading the existing capital markets infrastructure to take advantage of blockchain technology’s benefits. Some of these benefits include: seamless capital formation; instantaneous settlement for unique, unforgeable assets; negligible trading fees; and countless others. By integrating the necessary regulatory requirements into a new standard for blockchain security tokens (ST20) and smart contracts, the project simplifies the legal process of creating and selling security tokens.
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