Polymesh Welcomes Binance As Its Blockchain Node Operator Binance will join the Zug-based platform's 17 existing node operators which include Entoro Capital, Nyala, Oasis Pro Markets, Scrypt Asset Management AG, Tokenise, and Saxon Advisors.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Polymesh

On Thursday, the Polymesh Association, a Switzerland-based institutional-grade permissioned layer-1 blockchain platform for regulated assets, announced it was welcoming Binance, the leading global cryptocurrency exchange, as its node operator.

Binance will join the Zug-based platform's 17 existing node operators which include Entoro Capital, Nyala, Oasis Pro Markets, Scrypt Asset Management AG, Tokenise, and Saxon Advisors.

"Binance is the clear-cut leader in blockchain no matter what data you use. Onboarding Binance as the newest node operator provides Polymesh with a massive boost in visibility, credibility, and security. We are encouraged by this development, and look forward to growing the Polymesh ecosystem with Binance's support," said Graeme Moore, Head of Tokenization, Polymesh.

Polymesh, with this move, aims to expand its security tokens and POLYX to a wide audience globally. The Changpeng Zhao-established blockchain has registrations and regulatory compliance in over 16 jurisdictions and will be taking care of securing the Polymesh blockchain while allowing POLYX holders to utilize staking capabilities through Binance, i.e. letting the holders earn passively with their digital assets without selling. Becoming a node operator will have Binance write new blocks to validate transactions that enter the chain before it reaches the Polymesh network.

By tying up with Binance, Polymesh will gain added credibility and reliability, helping the platform gain more users and investors. This can be seen through the price surge of POLYX, the Polymesh token, which was up 58 per cent from $0.15 to $0.26 on the day of announcement. Polymesh also clocked in an intraday trading volume of $690 million.

Paromita Gupta

Entrepreneur Staff

Freelancer

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Leadership

What Makes You a Unicorn in Your Industry? Start by Mastering These 4 Pillars

We all want to achieve elusive unicorn status. But how do you attain such a lofty goal among stiff competition, all vying for the same thing?

Growing a Business

7 AI Tools That Help You Build a One-Person Business — and Make Money While You Sleep

Who needs a team? These seven AI tools let you automate everything, scale like a beast and reclaim your time.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

Why 18 Minutes of Your Day Can Make You Better Than 95% of People

What if I told you that's all you need to surpass 95% of people in any skill? With 18 minutes of focused, consistent effort each day, you can turn small moments into massive progress.

Business News

Here's How Much a Typical Google Employee Makes in a Year

Compensation for the median Google employee was up 5% in 2024 compared to 2023, according to a new U.S. Securities and Exchange Commission filing.

Money & Finance

5 Money Habits That Separate Successful Entrepreneurs From Struggling Ones

Learn how successful entrepreneurs manage cash flow, invest wisely and build long-term financial stability.