It became known that Polymath is launching a test network called Aldebaran for security tokens transactions. According to the developers, the launch of the test network is scheduled for June 23.
The Aldebaran network is designed to solve four major financial problems. It will simplify transaction management, eliminate legal difficulties, with its help all parties of the transaction will be tested to comply with the requirements of the regulator, user and transaction data will remain confidential.
As reported in February, the existing Polymath platform has already been used to tokenize $ 2.2 bln worth of property in the Red Swan commercial property market. At the moment, the company is looking for testers for the new network. It is expected that the launch of the main network will take place in the first quarter of 2021.
Image courtesy of Polymath