Crafting Tokens Both Wall Street and Washington Can Love
Neither ERC20 nor ERC1400 is enough for today’s capital markets – but Polymesh offers a workaround.Security tokens are on the rise. According to STOMarket.com, well over 100 tokens compete for attention from U.S. investors, with a combined market cap exceeding $1.1 billion. Such widely held names as Apple, Tesla and Google offer tokenized versions of their stock. But still, that could be an order-of-magnitude undercount.“There are far more private and far fewer exchange-traded security tokens,” says Graeme Moore, head of tokenization for Polymath, a blockchain company that develops tools for digital securities. “The real figure is more like $5 billion…