LeadBest, a Taiwan-based company that is focused on the primary token issuance market to solve pre-and-post investment needs, announced on Tuesday it has formed a partnership with securities token platform Polymath to create a new token ecosystem.
Heslin Kim, VP of Business Development of Polymath, stated:
“Polymath is committed to building a universal STO platform that is accessible to everyone, and, as a result, we are the first to have successfully become a provider of complete technical services. This is a new market for us, so the collaboration with LeadBest can not only help us clarify market trends and policy direction, but also reduce the obstacles to market development.”
Neil Lee, LeadBest Co-Founder and CEO, also commented:
“At present, STO has a huge share of the global market, requiring industry players to jointly formulate industry rules and give play to their advantages in accelerating market development. As a market leader, LeadBest hopes to develop a deeper level of cooperation with offering platforms, accounting and law firms, government authorities, exchanges and underwriters to jointly build a sound ecosystem.”
Leadbest is planning on taking a more formative role in the burgeoning STO space by bridging cooperation between token issuers, platforms, and investors. For example, this year Leadbest plans to provide assistance to management platforms within Asia to allow for real estate markets to tokenize their equity.
Polymath is one of the most prominent platforms today pushing the security token space forward. Announcing their own ST-20 security token standard in November, the platform is planning to further expand their accessibility in 2019. It’s their estimation that “$10 trillion” of value will be represented by tokenized securities within the next five years according to Polymath’s VP of marketing Graeme Moore. They plan to be a core component of that financial tsunami.