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

Opinions expressed by Entrepreneur contributors are their own.

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


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.

Wavy Line
Paromita Gupta

Features Writer

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. 

Related Topics


'Entrepreneur Elevator Pitch' Is Back Open for Business!

Check out this preview of season nine of our hit show "Entrepreneur Elevator Pitch." Big ideas and big money are on the line!

Business News

'I've Got the Bug for Business': See All of Mark Wahlberg's Entrepreneurial Endeavors, From Marky Mark and the Funky Bunch to Wahlburgers

Mark Wahlberg owns businesses in several categories, including entertainment production, apparel, fitness, and nutrition.

Science & Technology

How to Keep Employees Engaged and Productive in the Age of AI

Leaders can upskill their team members with AI skills and improve productivity through AI-powered L&D initiatives.


Are Employees Truly More Ethical in the Office? A Behavioral Economist Debunks This Deeply Rooted Belief.

Many leaders claim that employees are more ethical in the office, where they can see them — conversely, they're less ethical when working from the home office. Well, that conventional wisdom has been busted.


5 Traits and Characteristics of Successful Entrepreneurs in 2023

Entrepreneurship has become the new trending topic in the business world. In 2023, the entrepreneurial world is expected to flourish more than ever, and it will take a certain set of skills to be a successful entrepreneur. This article highlights what it takes to be a successful entrepreneur in 2023.


I Failed as a Stand-up Comic. Here's How It Made Me a Better Entrepreneur.

Here's what I learned from a failed career in stand-up comedy.