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By Camila Russo

Startups have been ditching venture capitalists and raising millions of dollars in minutes by issuing digital tokens in what have become known as initial coin offerings. One company says that process is about to become even easier.

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A Toronto-based firm called Polymath Inc. wants to be a one-stop shop for issuers of tokens that have similar properties as financial securities. The platform, which the proprietors say doesn’t require advanced technological knowledge, guides users through every step — from creation, to fundraising, to secondary-market trading — while complying with ever stricter regulations, according to a beta version seen by Bloomberg.

If a platform such as Polymath gains steam, it could magnify the consequences of the booming world of token sales, which has spurred the rise of more than 800 coins. The digital fundraisers have given entrepreneurs greater access to capital and opened the tech-startup scene to a broader investor base, while also providing plenty of opportunities for fraud. The ease at which companies could issue tokens has the potential to raise the already high levels of skepticism surrounding the offerings.