# Tokenized VC Fund SPiCE and Polymath Launch Industry Initiative To Advance Tokenized Securities Market Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-12-15 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Polymath and SPiCE VC Partner to Advance Security Token Protocols Meta Description: Leading the way in the development of security token protocols, Polymath and SPiCE VC are collaborating to reshape the future of the tokenized securities URL: https://financedigest.com/tokenized-vc-fund-spice-and-polymath-launch-industry-initiative-to-advance-tokenized-securities-markethtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd151217-11-1736843140454-compressed.jpg) _Partnership will focus on the framework for security token protocols, working with regulators across jurisdictions and with exchanges._ [Polymath](https://polymath.network/), the first-ever securities token launch pad, and [SPiCE VC](https://www.spicevc.com/), a liquid security tokenized VC fund are launching an industry initiative. Together, the companies will work on implementing governance mechanisms for security tokens, work with regulators on improved frameworks for security tokens in major jurisdictions, improve on protocols and standards for securities tokens, and work with exchanges to support their regulatory needs. The collaboration between Polymath and SPiCE VC is a significant step in the construction of an industry consortium designed to progress the high potential of the tokenized securities market. Carlos Domingo, Co-Founder and Managing Partner of SPiCE VC, said “SPiCE VC is one of the first [security tokens to be issued in the market](https://www.financedigest.com/secure-web-gateway-market-expectations-growth-trends-highlighted-until-2029.html "Secure Web Gateway Market Expectations & Growth Trends Highlighted Until 2029"), disrupting the traditional VC model by making it liquid on the blockchain. We believe that this will be the predominant way for people to [digitize all their assets in the future](https://www.financedigest.com/back-in-barcelona-telecoms-bosses-stake-claim-to-digital-future.html "Back in Barcelona, telecoms bosses stake claim to digital future"), and we will make significant investments in companies supporting and developing this space. However, a lot of the infrastructure is missing so we are very happy to join hands with a company like Polymath and with others who [share our vision about the future of this industry](https://www.financedigest.com/mycology-immunoassays-testing-market-growth-share-industry-dynamics-top-trends-and-regional-analysis-forecast-to-2027.html "Mycology Immunoassays Testing Market Growth Share, Industry Dynamics, Top Trends and Regional Analysis Forecast to 2027") in building the ecosystem that will drive the industry forward.” Both Polymath and SPiCE VC believe that regulation-compliant [security tokens are the future](https://www.financedigest.com/the-future-of-cyber-security.html "THE FUTURE OF CYBER SECURITY") of the token world, with a potential that is orders of magnitude larger than the previous wave of utility tokens. Domingo added, “Unlike utility tokens, which are suitable for relatively few use cases, security tokens can eventually be relevant for almost any company, fund, or asset.” Trevor Koverko, CEO of Polymath said, “The main restriction of utility tokens, which are typically borne from an Ethereum [powered Initial Coin Offering](https://www.financedigest.com/cycling-power-meter-market-to-offer-lucrative-growth-opportunities-for-players-during-the-forecast-period-2018-2026.html "Cycling Power Meter Market to Offer Lucrative Growth Opportunities for Players During the Forecast Period 2018 – 2026"), is they are not applicable for all companies because they do not offer dividends or other similar economic rights of ownership. Security tokens, on the other hand, can offer ownership in all types and forms of assets with an existing regulatory framework in place. The [potential](https://www.financedigest.com/functional-extracts-market-potential-growth-share-demand-and-analysis-of-key-players-forecasts-to-2029.html "Functional Extracts Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2029") market of assets subject to being tokenized as securities dwarves today’s cryptocurrency market. Polymath and SPiCE VC aim to [bridge this gap](https://www.financedigest.com/bridging-the-gap-between-banking-and-digital-accessibility-in-todays-digital-by-default-world.html "Bridging the Gap Between Banking and Digital Accessibility in Today’s ‘Digital by Default’ World"). Polymath’s pipeline of issuers interested in [launching a tokenized product](https://www.financedigest.com/new-product-launches-to-put-the-marker-pens-market-in-a-good-stead.html "New Product Launches To Put The Marker Pens Market In A Good Stead") will benefit greatly from SPiCE’s resources, evidenced by their success in navigating their own security token offering. We are excited to partner with a like-minded pioneer and work together to help scale this early-stage market, which is currently a small fraction of the [size](https://www.financedigest.com/acetate-salt-market-size-trends-share-insights-report-2026.html "Acetate Salt Market Size, Trends, Share, Insights Report 2026") of the much-larger utility and app token markets.” The partnership between Polymath and SPiCE VC aims to see collaboration with [exchanges on establishing a healthy secondary market](https://www.financedigest.com/the-health-information-exchange-market-to-grow-on-a-satisfactory-note.html "The Health Information Exchange Market to grow on a satisfactory note") for security tokens, as well as two way dialogue with local regulatory bodies to support issuing frameworks and guidelines and organizing industry conferences to bring the ecosystem together. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---