Trevor Koverko resigned from the CEO role at Polymath on Feb. 8, his co-founder and interim successor said. He was arrested March 14, police said.
The firm is soon to launch the first test network for its new blockchain designed to bring new safeguards for financial institutions working with security tokens.
Currently, the tokens are only available in pre-sale. Red Swan is holding investors’ funds in escrow and plans to distribute shares in April.
As part of the transition, Parity has agreed to build certain business-logic features on Polymesh’s base layer.
Polymath is partnering with Charles Hoskinson to build a blockchain network specifically designed to support security tokens.
Polymath has partnered with digital securities fundraising platform seriesOne to offer an “end-to-end” solution for security token issuance.
Polymath says its tests showed security token trades on a decentralized exchange would only complete if authorized.
Polymath, a platform for launching security tokens, is flexing its treasury-management muscles by locking up 75 million of its own POLY tokens.
Prime Trust, a Nevada trust company, says it can handle custody for bitcoin, ether and any token issued on ethereum under the ERC-20 standard.
If one announcement summarizes the ambitions of crypto project Polymath, it might be Wednesday's acquisition of the domain Tokens.com.