A recent report by Boston Consulting Group and Ripple shows that tokenized assets have grown at a CAGR of 53%, poised to reach a total market capitalization of $18.9 trillion over the next eight years.
Tokenization presents a wide range of opportunities across real estate, art, commodities, financial products, and even intellectual property (IP). This, of course, has attracted great interest from mainstream financial institutions such as BlackRock, JPMorgan, Goldman Sachs and Citigroup, recognizing the potential of technologies to promote investment, liquidity and financial inclusion.
In the midst of this bullish environment, Polymath (Poly) is leveraging facility-grade technology to create key partnerships to leverage existing early advantages.
Polymath and Tokenization – Extended blockchain and collaboration
Founded in 2017 by Trevor Koverko, Polymath is one of the earliest businesses in the field. The business was built with security tokenization in mind, raising approximately $59 million in 2018 for these purposes.
Currently, Polymath operates a White Label Software as a Service (SAAS) platform directed towards real-world assets (RWAS) tokens. Additionally, it operates a Layer-1 (L1) network called Polymesh. It is specifically built for tokenization purposes in accordance with the regulations of real-world assets.
Polymath has recently partnered with North Capital to incorporate investor verification services into its platform, thereby increasing security and compliance, as well as AI-driven financial analytics business analytics AnalytixInsight, to increase market efficiency.
Looking back at the milestone, CEO Vince Kandal said:
“We will accelerate innovation, drive sustainable growth and unleash the value of our customers, investors, partners and the broader market.”
Finally, Polymath announced its announcement of a more exciting partnership, suggesting that its tokenization offering could soon expand to real estate and gold.
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