Polymesh (POLYX)

Unlike permissionless chains where addresses can interact without identity context, Polymesh uses a permissioned model built around verified identities. This structure supports features such as compliance rules at the asset level, controlled issuance, corporate actions, and settlement processes intended for institutional use. The design addresses common barriers that have limited adoption of public blockchains in regulated finance, including confidentiality, accountability, and the need to know who is transacting.

POLYX is the native token of the Polymesh network. It is used to pay transaction fees, support staking, and participate in network security under Polymesh’s nominated proof-of-stake consensus model. The chain is built using Substrate, the modular blockchain framework associated with the Polkadot ecosystem, which allows Polymesh to tailor core functionality to its regulated-asset focus.

Polymesh’s distinctive position comes from its narrow specialisation. Rather than adapting a broad smart contract chain to securities markets, it embeds identity, compliance, governance, and settlement functions into the base layer. This makes it relevant to issuers, broker-dealers, custodians, and other financial-market participants exploring tokenisation while maintaining regulatory controls.