Blockchain
Polymesh – The First Public Blockchain Built Specifically for Regulated Assets
Polymesh – the first institutional-grade permissioned, purpose-built blockchain for regulated assets – has been announced by Polymath, a blockchain technology provider. The network will be launched on October 13, 2021, by the Polymesh Association.
The network will launch with 14 financially regulated entities acting as operators running validator nodes. The company plans to onboard further operators, customer due diligence providers, and service providers in the future. Operators must comply with a set of requirements and regulations to become permissioned, regulated entities. The highly regulated network ensures industry-leading security, efficiency and transparency.
While the majority of existing public blockchains was built for pseudonymity, censorship resistance, and transparency, and relies on probabilistic settlement, Polymesh was purpose-built to incorporate identity, compliance, confidentiality, governance, and deterministic finality. Polymesh solves issues with public infrastructure and provide a chain built from the ground-up to be compatible with capital market needs.
Polymesh utilizes a native utility token named POLYX, which is regulated by Swiss laws. This marks a milestone in regulatory understanding of blockchain technology and its potential beyond payments and securities.
“Polymath set out to build the world’s first blockchain specifically for security tokens in 2019, and we’ve achieved that and more. We’re excited to announce the Polymesh mainnet launch by the Polymesh Association, especially after the community’s passionate response to the incentivized testnet with over 4,300 users,” said Chris Housser, Interim CEO of Polymath.
Polymesh Association is a not-for-profit, Switzerland-based association promoting and developing technologies and applications in the field of blockchain. The Polymesh blockchain will be launched by the association, which will be equipped with $8 million USD and 250 million POLYX to offer grants and incentives and develop the Polymesh protocol and ecosystem.
A one-way 1:1 POLY:POLYX upgrade bridge will also be deployed for users to upgrade POLY to POLYX, however, there will be no newly minted supply except for rewards as part of the consensus validation process.
For more information about Polymesh, please visit https://polymesh.network.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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