Despite chilly market conditions, one startup is locking up approximately $9 million worth of its tokens for five years.

Polymath, a company best known for advancing the idea of security tokens (those designed explicitly to fit under current securities laws), revealed to CoinDesk that it is locking up 75 million of its POLY tokens. That’s 7.5 percent of the total supply, and a quarter of the current circulating supply.

“A lot of projects have shut down or done major layoffs lately due to lack of funds,” Polymath cofounder Chris Housser told CoinDesk in an email. “What we are demonstrating is that our treasury is healthy and we don’t have a need for these tokens at this time.”

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