First, it might help to know what the word Polymath means. It’s a person whose expertise spans a significant number of different subject areas.
For example, Nick Szabo, one of the masters of cryptocurrency, is a polymath.
In the crypto world, we have Polymath, the securities token platform.
According to Polymath there’s two primary types of tokens. App tokens and security tokens.
App tokens, like bitcoin and ethereum, give you access to a decentralized network and are launched in unregulated crowd sales. Then there’s security tokens which represent traditional financial assets and need to be regulated.
Today, the app market at around $100 million, is twice the size of the security token market. Polymath expects that in a decade the app token market will be $500 billion while the security token market will be 20 times the size at $10 trillion.
They also argue that asset backed securities as tokens work great with the blockchain. The just function better, providing liquidity, instant settlement, very low fees and 24/7 trading.
Polymath wants to be the one stop shop for securities tokens on the blockchain.
It wants to do what Ethereum did for app tokens for securities tokens. It’s platform will be fueled by the Polymath token (PLY) and it will have a standard token system called ST-20.
The Polymath stack has four layers: the protocol layer, the application layer, the legal layer, and the exchange layer. You can check the investor deck here for all the details. But basically it’s a one-stop shop for issuing financial assets on the blockchain.
You will need PLY to issue securities on the platform and to interact with the platform. You can earn PLY by being a stakeholder.
The is a project in the works. The white paper is supposed to be released this quarter. The platform is slated to launch in October. And then Polymath plans on launching a new security token every week in 2018, aka 52 Tokens in 52 weeks.
If the securities tokens market does indeed reach $10 trillion then the Polymath token could be an exciting play. Keep your eye on this project.
For more articles on cryptocurrencies follow me 
Buy Bitcoin, Ethereum, and Litecoin at Coinbase.
Mine with Genesis – use code jWxfye for 3% off
Donate to the cause:
BTC - 1PPKMT8XXjByqiTZP7rDt74PoLzFqDJtA6
ETH – 0x37b355299c18574eb0422e8563afa0d1232cfccd
LTC - LPa4dc5hX5YzAeLT7nRQ86FDbayTEWPyUG
ETC - 0x08138bfb2f09e0a1dcefab325ef3fbc62528e771
DASH - XhFeGe65EyA3PajDDEQr8deTrV5bUcBkmg
Check out LBRY
Need help saving? Try Acorns