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AphaPoint, a White-Label Software Company Powering Crypto Exchanges, receives grant from Polymesh Ecosystem Development Fund


White-Label Software Company Powering Crypto Exchanges

August 27, 2024


Polymesh Association, a leader in real-world asset tokenization and blockchain technology for capital markets, has announced a partnership with AlphaPoint, a global provider of digital asset infrastructure for exchanges, brokerages, payment networks, and banking. This collaboration aims to offer an efficient tokenization solution through an easy-to-use API.


Project

Latest Raise Date

Stage

Lead Investor

Category

AlphaPoint

August 27, 2024

Grant

Polymesh Ecosystem Development Fund

RWA

As regulatory clarity around real-world assets (RWA) improves, this partnership will provide advanced technology for future exchanges and marketplaces, enhancing security and compliance.


Polymesh Association has granted funds from the Polymesh Ecosystem Development Fund to AlphaPoint to integrate Polymesh into AlphaPoint’s Asset Digitization (APAD) and white-label Exchange (APEX). This integration will facilitate the creation, minting, issuing, and trading of tokens. AlphaPoint’s client base includes over 150 customers from 35 countries, such as the CME Group, Bancolombia Group’s Wenia Exchange, and El Salvador’s Chivo Wallet.


According to Igor Telyatnikov, CEO and Co-Founder of AlphaPoint, the future of trading will be driven by tokenized assets on blockchain across various asset classes. Regulated assets require unique blockchain capabilities for compliance. Integrating Polymesh into AlphaPoint’s platform will simplify the tokenization process and eliminate the need for complex smart contracts, providing enhanced security and compliance.


Graeme Moore, Head of Tokenization at Polymesh Association, emphasized the goal of driving global adoption of Polymesh as the premier institutional blockchain for regulated assets. AlphaPoint’s extensive network and strong track record will support this mission by bringing high-quality assets and users to Polymesh.


AlphaPoint chose to partner with Polymesh due to its specialized features and user-friendly APIs. By enabling token configuration directly in the blockchain layer, Polymesh simplifies the tokenization process and reduces costs associated with third-party smart contracts. Its status as an institutional-grade public permissioned blockchain with regulated nodes and a robust settlement engine enhances security and compliance, reduces counterparty risk, and prevents involvement by restricted or sanctioned participants.


About AlphaPoint

AlphaPoint provides digital asset infrastructure for exchanges, brokerages, payment networks, and banks. They offer secure, scalable, and customizable solutions for trading, payments, lending, and custody. Their technology helps over 150 clients in 35 countries launch and operate crypto markets.


 

About Investor

Investor: Polymesh Ecosystem Development Fund

Polymesh is a blockchain specifically designed for security tokens. It aims to streamline processes in regulated markets by addressing challenges related to governance, identity, compliance, confidentiality, and settlement. Polymesh provides tools for creating, issuing, and managing security tokens, making it easier for businesses to operate within regulatory frameworks.


Location: Zug

 

 

 

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