Users can now utilize V Stock Transfer’s transfer agent and registrar services on Polymath’s platform
Polymath, the blockchain industry’s first securities token platform, and V Stock Transfer, a stock transfer and registrar firm, have announced a partnership that will allow security token issuers on the Polymath platform to easily utilize the transfer agent and registrar services of V Stock Transfer.
Security tokens are digitized securities that can be exchanged and traded securely and instantaneously using blockchain technology. Since security tokens are financial securities, they come with many regulations and requirements, including managing the registry of shareholders on an ongoing basis. V Stock Transfer frees up individual companies from the liability and necessity of managing their own registry and cap tables, which can help issuers maintain continuous compliance.
“This partnership with a registered transfer agent marks an important step towards creating a decentralized token registry, which will have benefits for both issuers and investors,” said Chris Housser, COO and Co-founder of Polymath. “Polymath is excited to work with V Stock on this key initiative.”
Yoel Goldfeder, CEO of VStock Transfer, said “As a transfer agent registered with the Securities and Exchange Commission we are happy to be able to work with Polymath who has been on the forefront in taking the initiative to create protocols for regulatory compatible security tokens.”
The Polymath platform now provides issuers of financial securities with warm introductions to advisory firms, legal teams, KYC providers, and transfer agents.