Polymesh (POLYX) continues its upward momentum, trading at around $0.132 during the Asian session today (8), having risen 5% in the previous two days. Derivative product data has reinforced bullish sentiment, with POLYX's financing interest rate turning positive, open contracts increasing, and long positions growing. Technical Analysis indicates that POLYX may soon experience double-digit gains, making it a key altcoin to follow this week.

Golden Finance reports that the blockchain project Polymesh, which focuses on RWA, has been acquired by Polymath, and the transaction has been completed. The Polymesh Association has been renamed Polymesh Labs. It is reported that Polymath has signed a protocol with a FINRA-registered broker-dealer to facilitate the issuance of tokens on Polymesh.

Odaily Planet Daily News According to the Polymesh Association, a public permissioned blockchain, Bill Papp has been appointed as the Chief Executive Officer and Executive Director. After his appointment, Bill will engage in activities such as asset tokenization and changing the way financial securities are created and traded. It is reported that prior to joining the Polymesh Association, Bill served as the Chief Executive Officer of the digital bank Arival Bank.