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One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street

Manuel Butler

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Published in King Of Crypto : One Startup S Quest To Take Cryptocurrency Out Of Silicon Valley And Onto Wall Street

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Cryptocurrency has been a hot topic in the financial world for several years now, but it has largely been confined to the realm of tech enthusiasts and early adopters. However, one startup is on a mission to change that. Polymath, a blockchain company founded in 2017, is working to bring cryptocurrency to the mainstream by making it easier for companies to issue and trade digital securities.

The company's founders, Trevor Koverko and Chris Housser, believe that cryptocurrency has the potential to revolutionize the way that companies raise capital and how investors access new investment opportunities. They argue that the current system is too opaque and inefficient, and that cryptocurrency can provide a more transparent and accessible alternative.

King of crypto : One Startup’s Quest To Take Cryptocurrency Out Of Silicon Valley And Onto Wall Street

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Polymath has developed a platform that allows companies to issue digital securities on the blockchain. These securities are backed by real-world assets, such as stocks, bonds, and real estate. Investors can then buy and sell these securities on the Polymath exchange.

The company has already partnered with a number of major financial institutions, including the London Stock Exchange and the Swiss Stock Exchange. Polymath is also working with several companies to issue digital securities, including tZero, a blockchain company founded by Overstock.com CEO Patrick Byrne.

The Challenges of Bringing Cryptocurrency to Wall Street

There are a number of challenges that Polymath faces in its quest to bring cryptocurrency to Wall Street. One of the biggest challenges is the regulatory landscape. Cryptocurrency is still a relatively new asset class, and regulators are still trying to figure out how to oversee it.

Another challenge is the lack of liquidity in the cryptocurrency market. This makes it difficult for companies to issue digital securities and for investors to buy and sell them.

Finally, there is the challenge of educating investors about cryptocurrency. Many investors are still unfamiliar with cryptocurrency, and they may be hesitant to invest in it.

Polymath's Vision for the Future

Despite the challenges, Polymath is confident that it can bring cryptocurrency to Wall Street. The company believes that its platform can provide a more transparent and efficient way for companies to raise capital and for investors to access new investment opportunities.

Polymath's vision is for a world where cryptocurrency is used by everyone, from individuals to institutions. The company believes that cryptocurrency has the potential to make the financial system more fair and accessible.

Polymath is a startup with a bold vision. The company is working to bring cryptocurrency to Wall Street, and it believes that cryptocurrency has the potential to revolutionize the financial system. The company faces a number of challenges, but it is confident that it can overcome them.

If Polymath is successful, it will change the way that companies raise capital and how investors access new investment opportunities. It will also help to make the financial system more transparent and accessible.

King of crypto : One Startup’s Quest To Take Cryptocurrency Out Of Silicon Valley And Onto Wall Street

5 out of 5