April 28, 2021 08:00 AM Eastern Daylight Time
TORONTO–(BUSINESS WIRE)–Global investment bank and advisory Entoro Capital LLC (“Entoro”), which aims to optimize the traditional banking process with the efficiency of modern technology, is now working as a node operator and helping to secure the Polymesh blockchain, currently in testnet phase.
Polymesh is an institutional-grade permissioned blockchain purpose-built by Polymath to ensure security tokens meet the requirements of modern capital markets. Unlike most other blockchains, node operators on Polymesh must be known, trusted, and verified capital markets participants, like Entoro. This enables the chain to overcome issues with pseudonymity that previously prevented regulated markets from migrating to the blockchain.
“Traditional investment banking processes can be made much more efficient by leveraging modern technology like blockchain, but it needs to be optimized for the financial industry in order to comply with regulatory requirements,” said James Row, Managing Partner of Entoro. “Polymesh is unique as a blockchain optimized for regulated markets and assets, and its technology and infrastructure have immense potential to improve the efficiency of traditional investment banking processes.”
Being purpose-built for security tokens enables Polymesh and its applications to overcome the challenges involving identity, compliance, confidentiality, and governance hindering security token adoption on more generic blockchains like Ethereum. Polymesh is anticipating its Mainnet launch later in 2021 but users can now participate in the Incentivized Testnet (ITN). The ITN does not involve the use of real assets.
Based in Houston, Texas, Entoro was formed in 2016 with the aim of leveraging technology to increase efficiency in product offerings and operations. Entoro provides a wide array of new and innovative investment vehicles, strategies, valuation products, and advisory services using new digital and crypto products and services. The firm has built a portfolio of digitally-focused solutions for raising capital, financial advisory, securities offerings, tokenization, and valuation.
“Node operators are integral to Polymesh’s infrastructure and our operators like Entoro play an important role in keeping the chain secure and in optimal operation,” said Chris Housser, Interim CEO at Polymath. “We’re excited that Entoro, a leader in digital asset finance and technology, chose to work as a node operator on Polymesh.”
About Entoro Capital
Entoro Capital is an investment bank and advisory group for traditional and digital securities. Entoro offers a range of comprehensive placement and capital raising solutions for businesses interested in reaching family offices for funding. Entoro uses its proprietary online private securities syndication platform OfferBoard® for accredited investors to analyze and review projects and opportunities. The team’s strength is in bringing highly vetted projects to Investors globally, with maximum efficiency, end-to-end security, and seamless execution, delivering total confidence in each investment. Issuers and Investors are provided access, flexibility, and transparency throughout the investment process. Securities offered through Entoro Securities, LLC, member FINRA/SIPC. Learn more about Entoro Capital, visit www.entoro.com, or email [email protected].
Polymath makes it easy to create, issue, and manage security tokens on the blockchain. More than 200 security tokens have been deployed using our Ethereum-based solution and we are now in the midst of launching Polymesh, an institutional-grade blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the inherent challenges with public infrastructure around identity, compliance, confidentiality, and governance.
Polymath is not a broker-dealer, funding portal, trading platform or otherwise engaged in the business of trading in securities or providing advisory services regarding the issuance, buying or selling of securities. Polymath is not making any recommendation or giving any advice with respect to any company or proposal discussed in this communication.