Democratizing Access to Wealth Creation: Tokenized Securities on Polymesh

What are the benefits of tokenizing regulated assets, and how might it revolutionize the world of finance? In this episode, Joe Petrowski (Research, Parity) is joined by Adam Dossa, Head of Blockchain at Polymath, a security token platform currently building a custom blockchain on Substrate called Polymesh. They discuss the world of tokenized securities and the promise this area of decentralized finance holds for democratizing global wealth creation. Dossa also explains Polymath’s reasoning for moving from Ethereum to Substrate, including the unique benefits of the blockchain building framework. Highlights: 01:35 - Benefits of tokenizing securities 07:51 - How to verify the underlying asset 12:52 - ERC-20 vs Polymath’s ERC-1400 token standard 16:44 - Limitations of Ethereum 18:14 - Polymath’s white label solutions 19:57 - Operating in multiple jurisdictions/Polymath modules 23:39 - Moving from Ethereum to a custom Substrate blockchain 26:48 - Benefits of Substrate’s GRANDPA consensus mechanism 28:55 - Benefits of Substrate’s forkless upgrades 31:00 - Users and use cases Polymesh 42:51 - Interaction between modules and smart contracts 47:00 - Progress status of Polymesh Links: Polymath website Learn more about Polymesh Polymath on Github Polymath on Twitter Key Quotes: “Financial infrastructure should be transparent and accessible. It should be more like a public good than siloed, private infrastructure.” “Whilst Ethereum is great, there’s a saying: ‘You can please some of the people all of the time or all of the people some of the time.’ Ethereum is a general purpose blockchain, it’s not optimized for any specific use case. In our particular domain of regulated securities, there are some choices which are not optimal.” “You have this huge, trillion-dollar regulated securities market globally. If you can bring those assets into DeFi, that’s like DeFi times a hundred. You have all these interesting, varied asset classes and you can start to use those as collateral. Instead of using Ether as collateral, you can take your Apple shares, your Tesla shares, or some basket of shares and use those as collateral.”Special Guest: Adam Dossa.