AlphaPoint Integrates Polymesh as Blockchain of Choice for Tokenization of Real World Assets
August 27 2024 - 9:00AM
Business Wire
Polymesh Association, the leader in real world asset
tokenization and blockchain technology for capital markets, today
announced that AlphaPoint, a leading global provider of digital
asset infrastructure for exchanges, brokerages, payment networks,
and banking, has partnered with Polymesh to offer the best and most
efficient tokenization solution via an easy-to-use API.
Polymesh Association has given a grant from the Polymesh
Ecosystem Development Fund to AlphaPoint to integrate Polymesh into
AlphaPoint’s Asset Digitization (APAD) and AlphaPoint’s white-label
Exchange (APEX) in order to tokenize assets and facilitate the
creation, minting, issuing, and trading of tokens. AlphaPoint’s
existing client base features over 150 customers from 35 countries
including the CME Group, Bancolombia Group’s Wenia Exchange, and
the El Salvadoran government’s Chivo Wallet.
“The future of trading will be driven by tokenized assets on
blockchain across asset classes. Regulated assets, in particular,
require unique blockchain capabilities to operate in a compliant
way. Integrating Polymesh into our platform will help AlphaPoint to
power more tokenized asset marketplaces worldwide by simplifying
the tokenization process and eliminating the need for complex smart
contracts,” said Igor Telyatnikov, CEO and Co-Founder of
AlphaPoint. “As regulatory clarity around RWA (real-world assets)
advances, this partnership allows us to provide best-in-class
technology for the next generation of exchanges and marketplaces,
delivering enhanced security and compliance features.”
“We always look for ways to drive global adoption of Polymesh as
the premier institutional blockchain for regulated assets,” said
Graeme Moore, Head of Tokenization, Polymesh Association.
“AlphaPoint, with its extensive network and strong track record,
will support our mission by bringing high quality assets and users
to Polymesh.”
AlphaPoint's decision to partner with Polymesh was driven by the
platform's specialized native features and user-friendly approach
to APIs. By enabling token configuration directly in the blockchain
layer, Polymesh removes the complexity and costs associated with
third-party smart contracts, streamlining the tokenization process.
Additionally, Polymesh's status as an institutional-grade public
permissioned blockchain with regulated nodes and a robust
settlement engine enhances security and compliance, reduces
counterparty risk, and prevents involvement by restricted or
sanctioned participants.
To illuminate how AlphaPoint and Polymesh are driving the
transformation of capital markets through tokenization and
blockchain technology, AlphaPoint and Polymesh are jointly hosting
a webinar “Tokenization and Blockchain in Capital Markets” on
September 12, 2024 at 10 am ET. This webinar will cover the entire
lifecycle of tokenized assets, from issuance to secondary market
liquidity, focusing on real-world applications and opportunities.
Learn from industry experts how AlphaPoint’s cutting-edge solutions
and Polymesh’s specialized blockchain are enabling companies,
business banks, and custodians to unlock new levels of efficiency
and access to liquidity. Discover where liquidity exists, who the
key providers are, and which jurisdictions are leading the way in
this rapidly evolving space. To sign up to the webinar, visit:
https://start.alphapoint.com/webinar-tokenization-and-blockchain-in-capital-markets.
About AlphaPoint
AlphaPoint is a global financial technology company providing
digital asset infrastructure to power the next generation of
exchanges, brokerages, payment networks, and banking. Our
full-suite products provide trusted, secure, scalable, and
customizable solutions for trading, payments, lending, custody, and
more.
AlphaPoint has enabled over 150 customers in 35 countries
including the CME Group, XP Securities, and Chivo. AlphaPoint has
powered over 1 trillion in trading volume and the technology has
handled billions in assets on the platform. Over the past decade,
AlphaPoint has received multiple prestigious awards recognizing our
innovations, exponential growth and leading technology in the
fintech and digital asset space. AlphaPoint continues to empower
clients to build, launch, and operate global marketplaces and
financial applications. For more information, please visit
https://alphapoint.com/ and connect on LinkedIn, and X.
About Polymesh Association
The Polymesh Association is a not-for-profit dedicated to the
growth of the Polymesh ecosystem through Polymesh and Polymesh
Private. Polymesh is a leading public permissioned blockchain
purpose-built for real world assets that streamlines capital
markets and opens the door to new financial products. Polymesh
Private is a private permissioned instance of Polymesh that can be
deployed by enterprises.
Visit polymesh.network to learn more.
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version on businesswire.com: https://www.businesswire.com/news/home/20240827938001/en/
Contact at AlphaPoint Emily Schmidt B2B Events and
Marketing Manager emily.schmidt@alphapoint.com
Contact at Polymesh Association Graeme Moore Head of
Tokenization graeme@polymesh.network