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Polymath and BMI Coinstreet Digital Announce Strategic Partnership with STO Global-X to Create End-to-End Technology Solution for STOs in Asia

Polymath and BMI Coinstreet Digital Announce Strategic Partnership with STO Global-X to Create End-to-End Technology Solution for STOs in Asia

TORONTO & SINGAPORE & HONG KONG–()–BMI Coinstreet Digital (“BC Digital”), a leading security token advisory
and service firm, announced that it will launch its security token
issuance, OTC trading, and exchange operation with STO Global-X’s

STO Global-X (STGX) is a global, institutional-focused security token
exchange, enabling institutions to tokenize securities and facilitate
the virtual ownership and trading of conventional physical assets using
digital tokens, powered by Blockchain technology. The end-to-end
platform includes a comprehensive Tokenization Platform to put
real-world assets into fractional ownership on the Blockchain, while
offering investors a digital investment marketplace that’s secure,
transparent and inclusive; P2P with no middlemen and in a market that
operates 24/7.

Taking advantage of Polymath’s widely respected and market-ready
technology solutions, STGX will incorporate Polymath’s protocol and
token specifications including ERC1400 – The Security Token Standard,
which will sit as the base layer technology for security tokens created
through STGX’s issuance platform. ERC1400 is the community-driven,
Polymath-led standard for security tokens that is backwards compatible
with ERC20, allowing security token issuers to maintain compliance
through transfer restrictions among other functionality.

We are excited to showcase Polymath’s technology as an easy-to-deploy,
white label solution for STGX’s tokenization platform,” said Kevin
North, CEO of Polymath. “We want the community to understand that
Polymath’s mission is to facilitate the digitization and management of
assets, both directly and indirectly. In this case, we are pleased to
power the tokenization solution and be the chosen protocol for great
brands like Coinstreet and STO Global-X.”

We are very pleased to establish strategic partners with Polymath and
STO Global-X. With such collaboration, it enables us to offer a
one-stop, end-to-end STO issuance, OTC and exchange solution to our STO
clients,” said Samson (SAM) Lee, Co-Founder of BMI Coinstreet Digital.

Tokenized representations of traditional as well as emerging asset
classes can effectively address some real problems in the current
financial ecosystem,” said Floyd DCosta, Co-Founder and CEO of STGX.
These crypto assets fit fairly well within existing regulatory
frameworks while providing for improved accessibility, liquidity and
transparency throughout an asset’s lifecycle. We are eager to work with
partners like Polymath and Coinstreet to build the comprehensive
infrastructure needed to support tokenized securities.”

About Polymath

Polymath is a decentralized platform that makes it easy to create and
manage security tokens. The platform simplifies the complex technical
challenges of creating a security token and aims to bring the
multi-trillion dollar financial securities market to the blockchain.
Learn more at https://polymath.network

About STO Global-X

STO Global-X is a Singapore-based technology company that offers an
end-to-end institutional-grade tokenisation platform and digital asset
exchange. The company partners with licensed institutions to deploy and
operate STO exchanges in multiple jurisdictions enabling market
participants to issue, manage and trade tokenized securities in a secure
and compliant manner. Learn more at www.STOglobalX.com

About BC Digital

BMI Coinstreet Digital Limited (“BC Digital”) is a joint venture between
BM Intelligent (“BMI”) and Coinstreet Partners (“Coinstreet”), and BMI
Group’s company. By combining their vast experience and best practices
from traditional markets and blockchain fintech areas, BC Digital is
poised to become a leading security token advisory and service firm.
Learn more at http://www.bcdigital.io.com

BMI Group, founded in 1995 and fully regulated, is a leading financial
services provider in the Asia Pacific Region, specializing in“ONE-STOP”
tailor-made corporate consultancy services to listed companies. BMI has
assisted many companies in their listings in Hong Kong, Shanghai and
overseas. Learn more at http://www.bmintelligence.com/

Coinstreet Partners (“Coinstreet”) is a leading player in the Blockchain
and Digital Asset areas, currently operates in 6 business segments
including Token Finance Consultancy; Digital Asset & Wealth Management;
Marketing & Events; Digital Asset Tokenization and Exchange Platform;
Investor Relations, PR & Media; and DLT Solutions. Learn more at http://www.coinstreet.partners

Published at Fri, 15 Mar 2019 00:00:00 +0000