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GLT Law Connects To Polymath Service Provider Ecosystem

By Polymath

GLT Law, a Malaysian legal firm with expertise in digital assets and blockchain, have been added to the Polymath Service Provider Ecosystem. As part of the ecosystem, GLT Law is positioned to advise on the legal requirements of issuing a security token using Polymath's technology.

"Security tokens are among the most disruptive technologies today and keeping up with legislation requires a flexible and creative approach," said Ming Chiek, Partner heading the Corporate, Capital Markets and M&A team at GLT Law. "We're excited to provide Polymath users with legal knowledge and support as the security token market expands in Malaysia and across South East Asia."

GLT Law provides legal advice for structuring a security token offering (STO) and assists in matters such as preparing token sale agreements and T&Cs, engaging with regulators and authorities, and completing necessary regulatory filings.

GLT Law's collaboration with Polymath comes soon after the Securities Commission Malaysia issued revised guidelines governing digital assets and began accepting applications from Malaysian initial exchange offering (IEO) operators and digital asset custodians (DAC) in October 2020. The new guidelines promote responsible innovation in the Malaysian digital asset space, while managing emerging risks and safeguarding the interests of issuers and investors.

"Security tokens are subject to strict regulations just like traditional securities, and it's exciting for market participants in Malaysia to have clear, forward-thinking legal guidelines,” said Lechi Zhang, Director, Business Development (APAC) at Polymath. "We look forward to combining Polymath's technology with GLT's legal know-how to support token projects in the region."

The Polymath Service Provider Ecosystem brings together custody agents, broker-dealers, legal firms, tax services, cap table management providers, KYC/AML providers, and others who can help users create, issue and manage their token.

About GLT Law

GLT Law is an award-winning law firm in Malaysia. Experienced in international and local law practices, the firm covers a broad range of legal practices including cryptocurrency and blockchain technology, corporate and commercial, capital markets, mergers and acquisitions, commercial and business advisory, and real estate and property.

About Polymath

Polymath makes it easy to create, issue, and manage tokens on the blockchain. More than 200 tokens have been deployed using our Ethereum-based solution and we are now in the midst of launching Polymesh, an institutional-grade blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the inherent challenges with public infrastructure around identity, compliance, confidentiality, and governance.

Watch this 2-minute demo to see the process of issuing a token on our new purpose-built blockchain, Polymesh, in action, or visit https://polymath.network to learn more.

Tags: Announcements

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