Graeme Moore, Head of Tokenization at Polymesh, on No-Starters for TradFi Investors and More | Ep. 368

cryptonews.com:

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Cryptonews Podcast host Matt Zahab recently sat down for a chat with Graeme Moore, the Head of Tokenization at the Polymesh Association, a not-for-profit dedicated to the growth of the Polymesh blockchain ecosystem.

The two discussed building a blockchain specifically for highly regulated assets, as well as the five key pillars of Polymesh (governance, confidentiality, compliance, settlement, and identity).

Moore explained that TradFi is being crypto-ed and crypto is being TradFi-ed, and talked about tokenizing the Old Stone Church in the USA.

Polymesh is a public permissioned blockchain built specifically for regulated assets.

According to Moore, the team has talked to many banks. These are the entities that largely control the flow of assets – and they don’t want to be beholden to one specific technology, he stressed.

They will use different types of tech and different variants of each tech. For example, they use different blockchains for different needs.

This way, they can have “some kind of diversity within their own tech stack,” Moore said.

https://t.co/PsIdgCF0wD

That said, they do not want overly complex technology that will make any process more difficult and expensive rather than smoother and cost-effective.

Notably, Polymesh is API-based, not smart contract-based. The assets are built at the base layer, and users don’t have to build smart contracts on top of it.

Therefore, banks and custodians find this approach useful. “That just brings them at ease,” said Moore.

Polymesh’s talks with the regulated players in the