Security Token Space Gets Boost With Polymath’s Recent Partnerships
Cryptovest
Published Sep 20, 2018 11:52AM ET
Updated Sep 20, 2018 01:00PM ET
Security Token Space Gets Boost With Polymath’s Recent Partnerships
Polymath, a blockchain firm that helps companies issue security tokens, announced on Tuesday a strategic investment in Finova Financial, an Internet financial services company. Besides Polymath, several other leading investors, including Jeremy Gardner from Ausum Ventures, took part in Finova’s private sale. According to the deal between Polymath and Finova, the latter will use the Polymath Platform and the ST-20 token standard for its Security Token Offering (STO), a form of fundraising that resembles both initial coin offerings (ICOs) and initial public offerings (IPOs).
Polymath CEO Trevor Koverko commented:
“Finova Financial is a growth stage, venture-backed company with deployed products, millions in revenue, and rapid growth. With Finova, we ...
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