Polymath, KABN Network Collaborate to Enhance Digital Securities Creation and Management
Polymath has announced a partnership KABN, a leading financial services firm. The collaboration will see Polymath use Always On, a blockchain-driven identification and verification platform developed by KABN. Always On is so unique that KABN has already filed its patent. It is also compliant with GDPR regulations.
Polymath and @KABNNETWORK Announce Consortium
"Through its extensive service provider network with firms like KABN, Polymath provides security token issuers with access to top quality service providers."https://t.co/Q0PfGd0lGe
— Polymath (@PolymathNetwork) March 12, 2019
As a prominent company that allows the digitization, tokenization, and distribution of traditional assets, Polymath always aims to provide user-friendly services to their clients. The company does this by focusing on transparency and compliance. By partnering with institutions such as KABN, Polymath ensures that their clients have access to reliable service providers.
Kevin North, the CEO of Polymath, affirmed that their software solutions enable companies to tokenize all types of assets. Speaking on the partnership with KABN, North said that its objective is to provide assistance to clients who wish to launch security tokens. Essentially, polymath will ensure that the entire process is compliant with regulations across various jurisdictions, as well as increase the value of tokens by improving relations between issuers and investors.
KABN will be the first company to issue security tokens under this partnership. Ben Kessler, the CEO of KABN, said that Polymath will assist with ensuring the digital securities are compliant. He also mentioned that the Always On platform will support compliance by providing a faster, dependable and cost-effective method of implementing KYC and AML procedures. Lastly, ben said that KABN opted to be the first company to tokenize assets under this partnership so as to prove its practicability.
So far, multiple stakeholders in the blockchain and capital markets have shown their support for the project run by Polymath and KABN. This is because of the solution’s ease of use, interactivity, and compliance. Also, these companies have confirmed their support for the KABN token offering.