Red Swan Tokenizes $2.2 billion in real estate through security token platform Polymath. POLY STO made headlines because it was the first to actually be registered with the Securities and Exchange Commission and be fully SEC compliant. POLY trading pairs include ETH, BTC, and fiat currencies like KRW.īecause it’s an ERC-20 utility token, POLY is supported by any ERC-20 compatible wallets, including Ledger’s hardware wallets and MyEtherWallet. POLY currently averages over $5 million USD per day and is supported by a variety of cryptocurrency exchanges, including CoinZest, Upbit, Binance, Bittrex, Huobi, and LATOKEN. This means while Polymath enables security offerings, its own native token is a utility token itself. Although Polymath created the ST-20 token standard, it’s staked using POLY, which is an ERC-20 token on the Ethereum blockchain. POLY was created through Proof of Stake (PorS). Polmath’s token POLY has a total supply of 1,000,000,000 POLY. “The best kept secret in crypto right now is the rise of compliant security tokens,” Koverko says. Trevor is known for investing in btc when it was $20 and is ahead of the curve with Polymath one of the first projects globally to propose the concept of security tokens. He went on to found several start-ups in Hong Kong and Silicon Valley including DAI, a private equity firm. Polymath was created by Trevor Koverko who was drafted by the New York Rangers of the National Hockey League before suffering a major car accident which ended his sports career. Polymath is a platform like Ethereum, but instead of creating utility tokens like an ICO platform, it offers equity in a company – a model which has a well-established regulatory framework and the tokens are fully registered with the SEC. (POLY) is a security token platform that uses the ST-20 token standard to ensure compliance with government regulations when issuing digital securities. POLY should have skyrocketed on the news but as everyone is so distracted by coronavirus nobody even noticed. While POLY trades for pennies this is a very viable network that just got a huge vote of confidence after commercial real estate market Red Swan tokenized $2.2 billion in real estate. As COVID-19 looms large and overall markets have already crashed more than 30% from their December highs smart investors have been accumulating POLY at current levels. POLY had a well-publicized ICO that raised $59 million from some of crypto most prominent investors and saw the token trade well over $1 US in early 2018 but since than the token collapsed to pennies. Polymath (POLY) is one crypto trading for pennies that Investors are beginning to give another look.