The Polymesh Association, a leader in real-world asset tokenization and blockchain technology for capital markets, announced its partnership with AlphaPoint, a global provider of digital asset infrastructure for exchanges, brokerages, payment networks, and banking. This collaboration will leverage Polymesh’s blockchain technology to offer a streamlined and efficient tokenization solution through an easy-to-use API.
To facilitate this integration, the Polymesh Association has provided a grant from the Polymesh Ecosystem Development Fund to AlphaPoint. This will enable the integration of Polymesh into AlphaPoint’s Asset Digitization (APAD) and white-label Exchange (APEX) platforms, allowing for the tokenization, creation, minting, issuing, and trading of digital assets. AlphaPoint’s existing client base spans over 150 customers across 35 countries, including notable entities such as 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 various asset classes. Regulated assets, in particular, require unique blockchain capabilities to operate compliantly. Integrating Polymesh into our platform enables AlphaPoint to power more tokenized asset marketplaces globally 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 real-world assets (RWA) advances, this partnership positions us to deliver best-in-class technology for the next generation of exchanges and marketplaces, enhancing security and compliance features.”
“We are always looking for ways to promote the global adoption of Polymesh as the leading institutional blockchain for regulated assets,” said Graeme Moore, Head of Tokenization at Polymesh Association. “AlphaPoint, with its extensive network and proven track record, supports our mission by bringing high-quality assets and users to Polymesh.”
AlphaPoint chose to partner with Polymesh due to its specialized native features and user-friendly API approach. By allowing token configuration directly at the blockchain layer, Polymesh eliminates the complexity and costs associated with third-party smart contracts, streamlining the tokenization process. Additionally, as an institutional-grade public permissioned blockchain with regulated nodes and a robust settlement engine, Polymesh enhances security and compliance, reduces counterparty risk, and prevents participation from restricted or sanctioned entities.
To showcase how AlphaPoint and Polymesh are transforming capital markets through tokenization and blockchain technology, the two organizations will co-host a webinar titled “Tokenization and Blockchain in Capital Markets” on September 12, 2024, at 10 am ET.
