Polymath, a security token platform has joined forces with SeriesOne, a digital securities platform to offer users an end-to-end solution for the issuing of security tokens.

Announced by SeriesOne on Tuesday, the new product will give users the ability to create and manage security tokens that are “compliant throughout their entire lifecycle,” from the initial offering to trading on secondary exchanges.

The two companies are aiming to simplify the “complex challenges” found within the creation and management of security tokens. Their new solution would be a critical component of SeriesOne’s digital securities services stated the firm.

Polymath has set out to establish themselves as the Ethereum of security as per its website. So far, the firm has already created its own token standards which are aimed at the facilitation of compliant trading. Furthermore, just last month the firm rolled out a test to display how a decentralized exchange could be created to allow only trades which are authorized.

SerieOne CTO Dmitry Grinberg explained:

“The token control layer that Polymath offers will be the future standard and we are excited to be working together.”

Polymath’s ST-20 security token is an extension of the more common ethereum ERC-1400 standard which enables the ability to restrict certain transactions of blockchain tokens.

SeriesOne CEO Michael Mildenberger added that he’s “confident” that utilising Polymath’s ST-20 protocol would “enhance the process of raising capital on our platform.”

Lastly, back in November 2018, SeriesOne partnered with Bithumb, the South Korean crypto exchange in order to launch a compliant security token exchange in the United States.