Polymath, seeking to disrupt investment banking with its industry-first security token issuance platform, has partnered with video gaming community platform Rupie; enterprise blockchain solution provider OneLedger; and P2P IoT sensor data marketplace DataBroker DAO to provide advice and counsel on the design and execution of each partner’s upcoming Initial Coin Offering. Polymath is currently holding its Polycon conference.
“We’re excited to work with DataBroker DAO, OneLedger, and Rupie on their upcoming ICOs, providing the consultation and support that companies come to expect from Polymath,” shared Polymath CEO Trevor Koverko. “While the Polymath platform itself is used to help launch security tokens, we want to see this industry grow and thrive in the years ahead – and that means providing our expertise and guidance to exciting projects such as these so they can be successful in the rapidly evolving blockchain technology marketplace.”
The new partnerships were chosen based on the exciting potential of each project, with all three proposing a unique use case for their blockchain-enabled solutions:
- Rupie – Founded in 2017 by Austin Anderson (LinkedIn), Burton Johnsey (Valve, Microsoft), and Jonathan Howard (Google, FB), the Rupie Network is a video game community and digital distribution platform built on top of Ethereum and InterPlanetary File System (IPFS). Utilizing the RPI token, Rupie hopes to provide a collaborative approach to funding, building, and playing games on the blockchain.
- DataBroker DAO – Reportedly the first decentralized marketplace for IoT sensor data using blockchain technology. Founded in Belgium by Matthew van Niekerk and Roderik van der Veer in 2016, Databroker DAO aims to enable sensor owners to turn generated data into new revenue streams.
- OneLedger – A blockchain network built with a universal protocol aims to enable cross-chain access through business modularization. Founded by David Cao as the “eBay” for sensor data, OneLedger defines a three-layer consensus protocol to enable more effective integration of different blockchain applications into the enterprise.
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Polymath’s mission is to support the tech aspect of sales and to empower the issuer to be completely compliant… on the Blockchain. Polymath aims to become a protocol of sorts, similar to Ethereum.
“The way I like to describe it,” Koverko told Crowdfund Insider in an earlier interview. “We see this mega-trend emerging. We see this tsunami. This massive demand for asset backed tokens. Right now you have Utility tokens dominating the space. We see the next wave of tokens being security tokens backed by something that has some kind of profit baked into it.”
Barbados-based Polymath recently completely a funding round with a private sale using a Simple Agreement for Future Tokens (SAFT), raising $58,719,888, according to the Form D filed with the Securities and Exchange Commission.
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