Platform comparison
Libertum vs Polymesh (Polymath)
Polymesh is a public permissioned layer-1 blockchain for regulated assets, with identity, compliance and settlement built into the protocol; Polymath offers the white-label Polymath Capital Platform on it. Libertum is tokenization software that issues tokens on existing networks (EVM, Cardano, XRP Ledger) rather than running its own blockchain.
Last updated:
This comparison is based on public information on each company’s own website as of 16 October 2026. Features, pricing and regulatory status change, so check with each provider directly. “Not publicly stated” means we did not find the information on that company’s public website on that date. Corrections are welcome via the contact form on this site. Trademarks belong to their respective owners. This page is not investment or legal advice.
Where Libertum stands out vs Polymesh
Polymesh is a dedicated permissioned blockchain, and Polymath offers a white-label platform on it while stating that it is a technology provider, not a registered dealer or investment adviser. Libertum works on existing networks and adds regulated entities, custodian wallets built into the platform, sponsored gas at checkout and capital-raising tools.
Regulated & licensed
Regulated entities in El Salvador, the United States and the UAE
Libertum, S.A. de C.V. is registered with El Salvador’s National Digital Assets Commission (CNAD) as a Digital Asset Service Provider: registry entry PSAD-0094, granted 31 August 2026 under resolution CNAD-CD-477-2026, for the services in Art. 19 (a), (d) and (f) 1–2 of the Digital Assets Issuance Law — custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders, with RLUSD custody approved. It is a CNAD-supervised entity that reports quarterly, and the registration covers these services in El Salvador. It is also registered as a Bitcoin Service Provider (7 October 2024).
Libertum LLC is registered with FinCEN as a Money Services Business (no. 31000312444528, effective 8 October 2025), and Al Xolame Assets Real Estate L.L.C holds a Dubai commercial licence for real estate. These registrations do not authorise Libertum to issue securities: each issuer remains responsible, with its own counsel, for its offering.
Polymath states that it is a technology provider, not a registered dealer or investment adviser, and that it does not perform KYC/AML or suitability checks itself.
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El Salvador
Libertum, S.A. de C.V.
Digital Asset Service Provider
Comisión Nacional de Activos Digitales (CNAD)
Registry entry no.: PSAD-0094 31 August 2026
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El Salvador
Libertum, S.A. de C.V.
Bitcoin Service Provider
Gobierno de El Salvador
Registration code: 66ff15fce8a00a3181b8f26d 7 October 2024
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United States
Libertum LLC
Money Services Business registration
Financial Crimes Enforcement Network (FinCEN)
MSB registration no.: 31000312444528 8 October 2025
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Dubai, UAE
Al Xolame Assets Real Estate L.L.C
Commercial licence — real estate
Dubai Department of Economy and Tourism
Commercial licence no.: 1374511
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Built-in custodian wallets
Custodian WalletPlatform-managed custodian wallets for investors and issuers on EVM networks, Cardano and the XRP Ledger (enabled per deployment), so no third-party wallet is needed to invest.
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Investors pay no network fees at checkout
How checkout worksWhen an investor pays from the custodian balance, gas is sponsored and billed to the offering’s issuer. Investors are never charged network fees for XRP Ledger transactions. On Polymesh, network fees are paid in POLYX.
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Payment methods and currencies
Investor guideInvestors pay by card, bank wire, USDC or USDT on EVM, RLUSD or USDC on the XRP Ledger, or from their custodian balance. Card and wire payments settle in USD, EUR or GBP, chosen per offering.
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Structuring module
StructuringOffering-pack drafting software for issuers, with jurisdiction packs for the Cayman Islands (CIMA, published) and, in Beta pending counsel review, El Salvador (CNAD), the US (SEC Reg D / Reg S) and the EU (MiCA). Drafts are for review by your own counsel; it is not legal advice.
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Distribution Hub to raise capital
Distribution HubAn investor CRM and pipeline for your raise — contacts, organisations, campaigns and introductions — with optional Libby AI investor discovery, enrichment and matching. Polymath states investor portals for onboarding and portfolio tracking; a CRM is not publicly stated.
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Co-listing across Libertum marketplaces
Ecosystem Directory demoThrough the Ecosystem Directory, an issuer can ask other Libertum-powered marketplaces to host its approved offering. Once a host accepts, that platform’s investors can invest through the same token and cap table — more reach without a second issuance.
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Penetration tested and audited by Hashlock
Security at LibertumIndependently penetration tested and audited by Hashlock — rated ‘Secure’ (Oct 2025 blackbox penetration test of the T-Suite web applications; no critical or high-severity findings), plus Hashlock smart-contract audits. See the audits and the penetration-test report.
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Multiple jurisdictions, networks and currencies
Token standards and networksRegulated entities in El Salvador, the US and the UAE; structuring packs for El Salvador, the US, the EU and the Cayman Islands; tokens live on Base, Ethereum, Polygon, Arbitrum, Cardano and the XRP Ledger. Polymesh runs its own layer-1 blockchain.
What is Polymesh?
Polymesh describes itself as a public permissioned blockchain purpose-built for real-world assets. Its website states that governance, identity, compliance, confidentiality and settlement are native to the chain, that transactions occur between verified participants, and that assets do not require third-party smart contracts. POLYX is the network’s native token, and the website describes licensed financial entities acting as node operators.
Polymath is the company behind Polymesh. According to its website, its subsidiary Polymesh Labs oversees the Polymesh blockchain, and Polymath offers the Polymath Capital Platform, a white-label platform for issuing, managing and trading digital securities on Polymesh, with a free Start-Me-Up tier. Polymath states that it is a technology provider and not a registered dealer or investment adviser. On 9 October 2026 it announced that TruGolf Holdings, Inc. had completed its acquisition of Polymath Research Inc.
What is Libertum?
Libertum is a tokenization software company. Its platform, T-Suite, lets issuers and asset managers create, offer and manage tokens on EVM networks, Cardano and the XRP Ledger, under their own brand on the plans that include the white-label platform.
Optional add-ons cover investor distribution (Distribution Hub and Libby AI), document preparation (Structuring, Beta), fund administration software (Funds) and stablecoins (Stablecoin Studio). Pricing is published on the plan page, which is authoritative.
Libertum, S.A. de C.V. holds an El Salvador Digital Asset Service Provider (DASP) licence from the CNAD, registry entry PSAD-0094. It covers custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders, has effect in El Salvador only, and does not authorise issuance. Libertum is not a broker-dealer, an alternative trading system or a transfer agent of record. Every offering also receives a publicly verifiable Smart Contract Certificate, which is Libertum’s own technology certificate, not a regulatory approval.
Libertum vs Polymesh: feature comparison
| Feature | Libertum | Polymesh |
|---|---|---|
| Token standards | ERC-3643, ERC-20, ERC-721 (EVM); CIP-113, CIP-20 (Cardano); XRPL issued currencies and XLS-33 MPT (token standards) | Native Polymesh assets defined at protocol level (no smart-contract token standard) |
| Networks (mainnet) | ERC-3643 on Base, Ethereum, Polygon and Arbitrum; ERC-20 on Base and Ethereum; ERC-721 on Base; Cardano mainnet; XRP Ledger | Polymesh (its own layer-1); Polymesh Private also listed |
| Compliance model | Enforced on-chain with ERC-3643, CIP-113, XRPL issued currencies with authorised trust lines and XLS-33 MPT with authorisation. ERC-20, ERC-721, CIP-20 and plain XRPL issued currencies do not enforce compliance in the token | Protocol-level: identity verification for participants and compliance rules embedded in assets |
| White-label | Own brand and custom domain, included with Issuer Starter, Issuer Growth, AM Starter, AM Pro and Enterprise (white-label) | Yes: Polymath Capital Platform, described as white-label |
| Licences / regulatory status | Libertum, S.A. de C.V. holds an El Salvador DASP licence from the CNAD (PSAD-0094) for custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders. El Salvador only; it does not authorise issuance (licences). Libertum LLC is registered with FinCEN as a Money Services Business (31000312444528, US), and Al Xolame Assets Real Estate L.L.C holds a Dubai commercial licence (real estate). | Polymath states it is a technology provider, not a registered dealer or investment adviser, and does not perform KYC/AML or suitability checks itself |
| Pricing transparency | Published: plans from $299 to $999 a month, Pay Per Listing $499 per listing, distribution fee 1% of capital raised (min. USD 5, charged to the issuer) (plans) | Capital Platform pricing not publicly stated; free Start-Me-Up tier (one offering, up to 50 investors). Network fees in POLYX |
| Secondary trading | P2P order book, live on Base mainnet only | Capital Platform supports P2P trading with transfer restrictions enforced; settlement is native to Polymesh |
| Fund tooling | Funds add-on ($1,000 a month, access by request): software for fund administrators (on-chain NAV packs, dealing, reconciliation). The administrator remains NAV calculation agent and transfer agent | Fund managers listed as a target audience; fund-administration tooling not publicly stated |
| Investor distribution / CRM | Distribution Hub investor CRM ($149 a month); Libby AI ($349 a month, requires the Hub) | Investor portals for onboarding and portfolio tracking; CRM not publicly stated |
| Token import / migration | Token Import: every import starts read-only (Mirror); EVM tokens can move to Operate after the issuer grants roles. Cardano and XRPL imports are read-only | Not publicly stated |
| In-platform custodian wallet | Yes — built-in custodian wallets for investors and issuers on EVM, Cardano and XRPL, enabled per deployment (Custodian Wallet) | not publicly stated on the pages we reviewed |
| Gas sponsored for investors | Yes — investors pay no network fees at custodian checkout (billed to the issuer); never charged gas on XRPL | Network fees paid in POLYX |
| Payment methods & currencies | Card, bank wire, USDC/USDT on EVM, RLUSD/USDC on XRPL, or custodian balance; card and wire settle in USD, EUR or GBP, chosen per offering | not publicly stated on the pages we reviewed |
| Structuring module | Yes — Structuring add-on: drafting software with packs for the Cayman Islands (published) and, in Beta, El Salvador, US (Reg D / Reg S) and EU (MiCA); drafts for your own counsel (Structuring) | not publicly stated on the pages we reviewed |
| Co-listing across platforms | Yes — Ecosystem Directory: an approved offering can be hosted on other Libertum-powered marketplaces, with the host’s approval | not publicly stated on the pages we reviewed |
| Security | Hashlock penetration test: rated ‘Secure’ (Oct 2025); smart contracts audited by Hashlock (audits) (security) | not publicly stated on the pages we reviewed |
| Jurisdictions | Regulated entities in El Salvador, the US and the UAE; structuring packs for El Salvador, US, EU and Cayman Islands; mainnets: Base, Ethereum, Polygon, Arbitrum, Cardano, XRP Ledger | Its own layer-1 (Polymesh); jurisdictions not publicly stated |
The core difference is architectural: Polymesh is a dedicated blockchain, while Libertum is software that issues on existing public networks.
Which should you choose?
This is partly a choice of ledger, not only of platform.
- Polymesh is likely the better fit if you want identity, compliance, confidentiality and settlement enforced by the blockchain itself, on a chain built only for regulated assets.
- Polymath is also likely the better fit if a free entry tier (Start-Me-Up) suits a small first offering.
- Libertum is likely the better fit if you want your tokens on widely used public networks (Base, Ethereum, Polygon, Arbitrum, Cardano or the XRP Ledger) and their wider ecosystems.
- Libertum is likely the better fit if you want published plan pricing, an investor CRM (Distribution Hub) and fund-administrator software (Funds) in the same product.
Can I move an existing token to Libertum?
Libertum’s Token Import brings an existing token into T-Suite. On supported EVM networks it accepts ERC-3643, ERC-20 and ERC-721 tokens; Cardano and XRP Ledger tokens can be imported read-only. Every import starts as Mirror: a read-only cap table and history, with no ability to move, mint or freeze anything. For an EVM token, the issuer can then move to Operate by granting Libertum the roles shown in the app, or by handing control to their organisation’s custodian wallet. Whether a specific token qualifies depends on its contract and network, so we check it with you first.
Token Import covers supported EVM networks, Cardano and the XRP Ledger. Polymesh is not one of them, so an asset issued natively on Polymesh cannot be imported as it stands; moving it would be a new issuance, which is a legal and operational decision for the issuer and its counsel.
Watch: importing an existing token
A short T-Suite demo of Token Import: the token arrives read-only as Mirror, and an EVM token can then move to Operate.
Transcript: Token Import demo
Already issued a token elsewhere? Bring it with you.
Switching platforms usually means a migration, a re-issue and a holder spreadsheet.
Imported tokens lists everything you've brought in, on EVM chains and the XRP Ledger.
Pick the network, paste the contract, and Libertum reads the standard, name and supply from the chain.
Prove control: your on-chain role is found, you sign one message, and nothing on the contract changes.
Name the offering and import it.
The history is rebuilt from the chain and checked against it. The cap table is live.
Every transfer is in the journal, with pre-import entries marked external.
Investors claim their holdings: Anna signs once from her wallet, and her tokens never move.
The holding appears in her statements, read from the chain.
Your contracts stay yours. Libertum starts read-only and lists the roles to grant.
On EVM, grant them from your wallet and the token moves to Operate: issue, freeze, register identities, list for sale.
XRP Ledger and Cardano tokens import read-only, and history that can't be rebuilt is flagged.
For issuers and fund administrators: bring your tokens, and run them in one place. Book a demo at libertum.io.
Related
- Tokenization platforms compared Libertum, Securitize, Tokeny, Brickken and more side by side.
- Plans and pricing Libertum's published plans and add-ons.
- Security Independent testing, audits and security controls.
- Licences What Libertum's licences cover and what they do not.
- Switching from another platform How Token Import works in T-Suite.
Frequently asked questions
What is the difference between Polymath and Polymesh?
According to Polymath’s website, Polymath is the company behind Polymesh; its subsidiary Polymesh Labs oversees the Polymesh blockchain. Polymath also offers the Polymath Capital Platform, a white-label platform built on Polymesh.
Does Libertum run its own blockchain like Polymesh?
No. Libertum issues tokens on existing networks: ERC-3643, ERC-20 and ERC-721 on EVM networks, CIP-113 and CIP-20 on Cardano, and issued currencies and MPTs on the XRP Ledger.
Can I import a Polymesh asset into Libertum?
Not as it stands. Token Import supports EVM networks, Cardano and the XRP Ledger, and Polymesh is not among them.
Which enforces compliance on-chain?
Both, in different ways. Polymesh states compliance and identity are built into the protocol. Libertum enforces compliance in the token with ERC-3643, CIP-113 and XRPL authorised assets.
Who owns Polymath now?
Polymath announced on 9 October 2026 that TruGolf Holdings, Inc. completed its acquisition of Polymath Research Inc., which now operates as a TruGolf subsidiary.
Which offers built-in investor wallets and sponsored gas, Libertum or Polymesh?
Libertum includes platform-managed custodian wallets for investors and issuers on EVM networks, Cardano and the XRP Ledger (enabled per deployment), and investors pay no network fees at custodian checkout: gas is sponsored and billed to the offering’s issuer. On Polymesh, network fees are paid in POLYX. Built-in investor wallets and sponsored gas are otherwise not publicly stated on the pages we reviewed.
Can I reach investors on other platforms with Libertum?
Yes. Through the Ecosystem Directory, an issuer can ask other Libertum-powered marketplaces to host its approved offering; once a host accepts, that platform’s investors can invest through the same token and cap table. Distribution Hub and Libby AI add an investor CRM and AI investor discovery.
Has Libertum's platform been independently security tested?
Independently penetration tested and audited by Hashlock — rated ‘Secure’ (Oct 2025 blackbox penetration test of the T-Suite web applications; no critical or high-severity findings), plus Hashlock smart-contract audits. See the audits and the penetration-test report. More on our security page.
Sources
Last checked:
- Polymesh: homepage — Public permissioned blockchain for RWAs; native governance, identity, compliance, confidentiality and settlement; no third-party smart contracts required; POLYX; licensed financial entities as node operators
- Polymath: Polymesh — Polymesh Labs (Polymath subsidiary) oversees Polymesh; POLYX powers the network; NPoS; Polymesh Private; identity verification and protocol compliance
- Polymath: Capital Platform — White-label platform on Polymesh; issuance, investor portals, cap table, distributions, P2P trading; Start-Me-Up free tier; technology-provider and no-KYC/AML disclaimers
- Polymath: homepage — White-label Polymath Capital Platform; fund managers among target audiences
- Polymath: TruGolf completes acquisition of Polymath — TruGolf Holdings, Inc. completed acquisition of Polymath Research Inc. (9 October 2026)
- Libertum docs: Licences — DASP licence PSAD-0094 scope and limits; Smart Contract Certificates
- Libertum docs: Plans and pricing — Libertum plans, add-ons, transaction fees and white-label inclusion
- Libertum docs: Token standards — Libertum token standards and on-chain compliance
- Libertum docs: Issuer guide (Token Import) — Token Import Mirror and Operate tiers
- Libertum docs: Investor guide (secondary market) — P2P order book is the live secondary-market model
- Libertum docs: Funds — Funds is software for administrators; the administrator remains NAV calculation agent and transfer agent
- Libertum docs: Distribution Hub — Distribution Hub investor CRM
- Libertum: Licences and registrations — Regulated entities, registry numbers and scope (El Salvador, US, UAE)
- Libertum docs: Custodian Wallet — Custodian wallets on EVM, Cardano and XRPL; sponsored gas at custodian checkout; payment methods
- Libertum docs: Structuring — Jurisdiction packs and Beta status; drafting software, not legal advice
- Libertum docs: Whitelabel Platform (Ecosystem Directory) — Hosting offerings on other tenants' marketplaces
- Hashlock: Libertum audits — Hashlock's audits and tests for Libertum
- Hashlock: blackbox penetration-test report — Oct 2025 test; T-Suite web applications; rated 'Secure'
- Hashlock: Libertum smart-contract audit report
- Hashlock: Libertum bonding smart-contract audit report
See how Libertum fits your assets
Walk through T-Suite with our team and compare it with Polymesh against your own requirements.