• Latest
Polymath Tests Show Security Tokens Can Be Compliant on a DEX

Polymath Tests Show Security Tokens Can Be Compliant on a DEX

February 27, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Polymath Tests Show Security Tokens Can Be Compliant on a DEX

coinnewsdaily by coinnewsdaily
February 27, 2019
in Tech
0
Polymath Tests Show Security Tokens Can Be Compliant on a DEX
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Security token platform Polymath has teamed up with Loopring to trial peer-to-peer trading of security tokens on a decentralized exchange.

Revealing the news exclusively to CoinDesk on Wednesday, Polymath said that the “successful” tests – which used smart contracts on Loopring’s DEX protocol – demonstrated that only authorized trades of ST-20 security tokens were able to execute, while unauthorized trades could not.

The ST-20 security token standard created by Polymath is an extension of the more generalized ERC-1400 standard that introduces the ability to restrict transfers of blockchain tokens. “They can only be held and traded if certain criteria are met,” Polymath said.

Giving the details of the test, Polymath said that it traded a cryptocurrency called “wrapped ETH” with an ST-20 token named Cammazol, with an authorized transfer for the token succeeding (see it here) and an unauthorized one failing to transfer (see it here).

Polymath vice president for marketing Graeme Moore told CoinDesk that the two firms carried out the tests to demonstrate that security tokens can be traded in a compliant manner, even on decentralized exchanges.

Moore said:

“What we are showcasing here is that decentralized exchanges and security token issuers have the ability to maintain compliance through the standardized protocols that Polymath and others have built. And, in fact, security tokens make it easier for issuers to follow regulations, when compared with the legacy capital markets system using paper share certificates.”

Detailing how it works, Polymath said that every time a trade is attempted, the token calls the its transfer manager module and effectively asks, “Can this trade be executed?” The transfer manager then checks a whitelist (controlled by the token issuer) to see if the buyer and the seller are allowed to trade the token. Only if the answer is yes is the trade executed.

“This is how tokens are able to maintain compliance in the secondary market throughout the entire life-cycle of the token,” Moore said.

“Loopring’s focus on user experience with their protocol was a great match for Polymath powered ST20 tokens which support an enhanced feature set on top of ERC20 to allow transfers to be fully validated before execution,” Adam Dossa, director of technology at Polymath, told CoinDesk.

Polymath image via CoinDesk archives 

Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

LinkedIn Founder, Fidelity Latest to Carry Bitcoin’s ‘Lightning Torch’

Next Post

A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team

A Crypto Project That Raised $20 Million Is Caught Faking Its Founding Team

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,014.00-0.30%
  • ethereumEthereum(ETH)$1,570.81-1.75%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$305.62-1.00%
  • rippleXRP(XRP)$0.409390-1.02%
  • cardanoCardano(ADA)$0.382291-1.71%
  • dogecoinDogecoin(DOGE)$0.0879210.57%
  • matic-networkPolygon(MATIC)$1.14-1.29%
  • okbOKB(OKB)$39.298.45%
  • solanaSolana(SOL)$23.92-1.99%
  • polkadotPolkadot(DOT)$6.38-2.83%
  • shiba-inuShiba Inu(SHIB)$0.0000120.40%
  • litecoinLitecoin(LTC)$89.240.42%
  • tronTRON(TRX)$0.063138-0.46%
  • daiDai(DAI)$1.000.05%
  • cosmosCosmos Hub(ATOM)$13.18-2.33%
  • chainlinkChainlink(LINK)$7.20-2.47%
  • leo-tokenLEO Token(LEO)$3.78-1.96%
  • moneroMonero(XMR)$186.173.39%
  • ethereum-classicEthereum Classic(ETC)$21.70-1.49%
  • bitcoin-cashBitcoin Cash(BCH)$132.50-1.85%
  • stellarStellar(XLM)$0.0928920.02%
  • crypto-com-chainCronos(CRO)$0.081185-0.98%
  • filecoinFilecoin(FIL)$5.26-2.36%
  • algorandAlgorand(ALGO)$0.2572410.77%
  • vechainVeChain(VET)$0.024160-2.99%
  • internet-computerInternet Computer(ICP)$6.01-0.71%
  • aaveAave(AAVE)$84.04-3.68%
  • eosEOS(EOS)$1.09-1.77%
  • elrond-erd-2MultiversX(EGLD)$44.53-0.40%
  • theta-tokenTheta Network(THETA)$1.07-4.36%
  • tezosTezos(XTZ)$1.10-2.03%
  • paxos-standardPax Dollar(USDP)$1.00-0.18%
  • bitcoin-cash-svBitcoin SV(BSV)$43.50-1.74%
  • huobi-tokenHuobi(HT)$5.111.25%
  • havvenSynthetix Network(SNX)$2.45-3.88%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.00-0.57%
  • iotaIOTA(MIOTA)$0.237790-2.94%
  • zcashZcash(ZEC)$45.41-2.59%
  • makerMaker(MKR)$651.67-2.97%
  • neoNEO(NEO)$8.24-0.46%
  • dashDash(DASH)$50.67-2.02%
  • zilliqaZilliqa(ZIL)$0.029343-0.32%
  • basic-attention-tokenBasic Attention(BAT)$0.261347-1.50%
  • compound-governance-tokenCompound(COMP)$55.52-3.98%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.038610-3.41%
  • kusamaKusama(KSM)$36.15-0.94%
  • bitcoin-goldBitcoin Gold(BTG)$17.530.15%
  • qtumQtum(QTUM)$2.63-3.14%
  • wavesWaves(WAVES)$2.763.33%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • sushiSushi(SUSHI)$1.29-4.31%
  • golemGolem(GLM)$0.246566-1.55%
  • yearn-financeyearn.finance(YFI)$7,430.70-3.05%
  • omisegoOMG Network(OMG)$1.46-3.24%
  • ontologyOntology(ONT)$0.214681-2.74%
  • digibyteDigiByte(DGB)$0.010590-4.93%
  • umaUMA(UMA)$2.081.12%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%