POLYX

Polymesh

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 <p>The native token of a crypto project focused on real-world asset (RWA) tokenization has surged 69% in the past week amid the rollout of a new private blockchain.</p>
 <p>Polymesh (POLYX) is a public blockchain purpose-built for RWA tokenization. The project’s native token, POLYX, is trading at $0.415 at time of writing, up from $0.245 one week ago.</p>
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 <p>The 192nd-ranked crypto asset by market cap is up 7% in the past 24 hours.</p>
 <p>On Monday, the project announced the launch of Polymesh Private, a confidential version of the network’s public permissioned blockchain. Polymesh notes that companies can use the new private permissioned network and then migrate to the public network when ready.</p>
 <p>Graeme Moore, head of tokenization at the Polymesh Association, says the new private blockchain will offer “seamless public migration.”</p>
 <p><em>“The vast majority of RWA tokenization by banks and large financial institutions is still taking place on private blockchains. Polymesh Private will meet these players where they are while providing a future-proof tech stack.”</em></p>
 <p>After its gains this week, POLYX is only 16% down from its all-time high of $0.494, which it set back in October 2022.</p>
 <p>The token is used for staking, governance and transaction payments on the network.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/real-world-crypto-asset-project-surges-69-in-one-week-amid-rollout-of-new-blockchain-tbt83306.html">https://thebittimes.com/real-world-crypto-asset-project-surges-69-in-one-week-amid-rollout-of-new-blockchain-tbt83306.html</a></p>

‘Real-World’ Crypto Asset Project Surges 69% in One Week Amid Rollout of New Blockchain

TheBitTimes

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