- More efficient investor onboarding
Most financial service providers comply with ID requirements through slow and often manual processes. Polymesh’s two-stage approach to ID verification allows for efficient onboarding as well as specific KYC checks.
- Faster, more automated asset onboarding
Programming digital securities individually using smart contracts is laborious and time-consuming. Polymesh creates assets natively at the protocol layer, meaning custodians can onboards assets more efficiently.
- Improved safekeeping and privacy
Most blockchains are built for use by individuals and don’t offer the level of security and privacy that institutions require. Polymesh helps institutions minimize external threats and maintain internal divisions of responsibility.
- Streamlined asset servicing
Many custodians still process corporate actions manually, which is labour-intensive, error-prone, and risky. Polymesh automates the corporate actions lifecycle so that custodians can boost efficiency and cut errors and overhead.
- Simplified approach to settlement
Issues with general-purpose blockchains are holding custodians back from the benefits of blockchain-based settlement. Polymesh provides a simplified approach to transfers that relies on efficient workflows and blockchain automation.
- Increased network participation
With proof-of-work blockchains, rewards and participation in the chain’s direction are out of reach for most participants. Polymesh’s proof-of-stake consensus and on-chain governance allows custodians and their clients to engage in decision making and share in rewards.
