Global token security platform Polymath has selected Chain Partners as its first advisory partner for security token offerings (STOs) in Korea.
According to industry sources, Polymath will join hands with Chain Partners to provide advisory services for companies preparing for STOs where they are possible. Security tokens envision using blockchain technology to securitize such illiquid assets as real estate, paintings and mineral resources and distribute profits among investors. Projects like overseas real estate, intellectual property rights and private equity funds that were securitized last year by Polymath attracted more than 240 billion won in investment. Tokenomia, an affiliate of Chain Partners that will offer STO advisory services with Polymath, will take charge of a broad array of businesses specific to security tokens, including the legal structure planning through local law firms, attraction of investment targeting overseas institutions and overseas listing of STOs. But all advisory services will be offered abroad solely until the domestic legal system is fully in place.
“Polymath is a leading blockchain company in the Asia-Pacific region and we are greatly encouraged to do an STO business together with internationally acclaimed Chain Partners,” said Polymath CEO Trevor Koverko, adding that “we will work together to help many good companies in Asia develop security tokens.” Chain Partners Vice President Richard Kim said, “Complying with regulations and creating the sound digital asset market have been Chain Partners’ coherent goals. In this respect, it’s very meaningful that we cooperate with Polymath that observes KYC (know your customer) and AML (anti-money laundering) rules strictly and issues tokens only for accredited investors.” /firstname.lastname@example.org
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