LeadBest, a Taiwan-based company that is focused on the primary token issuance market to solve pre-and-post investment needs, announced on Tuesday it has formed a partnership with securities token platform Polymath to create a new token ecosystem.
While sharing more details about the partnership, Heslin Kim, VP of Business Development of Polymath, stated:
“Polymath is committed to building a universal STO platform that is accessible to everyone, and, as a result, we are the first to have successfully become a provider of complete technical services. This is a new market for us, so the collaboration with LeadBest can not only help us clarify market trends and policy direction, but also reduce the obstacles to market development.”
Neil Lee, LeadBest Co-Founder and CEO, also commented:
“At present, STO has a huge share of the global market, requiring industry players to jointly formulate industry rules and give play to their advantages in accelerating market development. As a market leader, LeadBest hopes to develop a deeper level of cooperation with offering platforms, accounting and law firms, government authorities, exchanges and underwriters to jointly build a sound ecosystem.”
LeadBest then revealed that this year it plans to provide offering technologies and asset management platforms to assist Asian real estate private equity fund PSIM in offering its first asset token. PSIM managing director Joanna Tien, went on to add:
“As blockchain technology keeps complete transaction records, we expect that the collaboration with LeadBest can help reduce the cost of investor management and enable investors to engage in more systematic and efficient investing, while connecting global capital and growing the number of financing channels.”