Listing Portal

About Us


1. Overview



Polybird is the end-to-end platform for blockchain assets and securities. This portal is designed to provide insight into how we evaluate security tokens for listing or issuance on the Polybird platform. It is not an endorsement of any specific security or asset. We reserve full and absolute discretion to list, not list, or de-list any asset for trading on Polybird regardless of how the criteria in this framework may apply to the asset. We expect this portal and document to evolve over time.



2. Platform Launch



Expected Launch - Polybird is aiming to launch later this year. We are currently targeting Q4 launch tentatively. It is subjected to change depending on when and where we get the regulatory approval to launch the platform.
Delays - Delays may occur due to regulatory approvals mostly.
Regulatory Circle - We are currently working to get Singapore RMO and US ATS Licenses, but in other cases, we may launch through other jurisdictions like Malaysia, Belarus, Thailand, Philippines or others if we get the license earlier. We would be working with regulatory bodies all over the world in any case to serve our global audience with full compliance in near future.
Jurisdictions - We are aiming to operate from Singapore and US jurisdictions.



3. Geographical Coverage


Some of the geographical locations where Polybird would apply for regulatory permissions. Polybird since launch, would be available to all countries except for the residents of certain countries including Burma, Cuba, Democratic Republic of Congo, Iran, Ivory Coast, Liberia, North Korea, Sudan, Syria and Zimbabwe.

Apply for Listing


Listing Guidelines


1. Regulatory Compliance & Legal


1.1 Securities Offering Exemptions


If the asset is classified as a security and the primary offering was conducted under one of the following exemptions:

• Reg. D (506b, 506c)
• Reg. S
• Reg. A+ (Tier 1 or Tier 2)
• Reg. CF

This exemption is only limited to US investors. Since Polybird aims to be global platform, similar local exemptions can also apply at Polybird for issuance and listing.


1.2 Compliance Obligations


The primary offering of the asset met the necessary compliance obligations, including:

• Anti-Money Laundering (AML)
• Know-Your-Customer (KYC)
• Investor Suitability
• Investor Accreditation (for Reg D)
• Solicitation compliance (for Reg S)

This exemption is only limited to US investors. Since Polybird aims to be global platform, similar local compliance obligations will apply in all other non-US locations and investors.


1.3 Bad Actor Checks


The management team is run through a standard “Bad Actor” check and background check, and reviewed for integrity and reputational risk.



2. Company Mission & Values


2.1 Founding Team & Leadership


The management team is able to articulate the vision, strategy and use cases of the security token and how it creates value for network participants and the industry as a whole.


2.2 Governance


Assessment of long-term operating expectations and decision making. Defined roadmap for the financial network and outlined project goals from a business and technology perspective. Structured process to propose and implement major updates to the network, with a system or voting process for conflict resolution when already tokenized.



3. Operations and Technology


3.1 Business and Operations


Track record of management team or history of interacting with community. Demonstrated ability to set a reasonable budget and managing funds, and achieving project milestones. Cash management best practices in place.


3.2 Engineering & Security


Open source code, documented peer reviews, and/or overall assessment of the engineering team. Demonstrated focus on stringent security protocols and best practices to limit scams, hacks, and theft of funds.


3.3 Governance


Assessment of long-term operating expectations and decision making. Defined roadmap for the financial network and outlined project goals from a business and technology perspective. Structured process to propose and implement major updates to the network, with a system or voting process for conflict resolution when already tokenized.



3.4 Permissions


Token MUST take care of the following permissions either with an off-chain validator, or at the smart contract on-chain level.

Anti-Money Laundering & Know Your Customer - Token must only be able to transfer to validated or whitelisted permissioned addresses linked to an Entity.
Investor Accreditation - While traders using Polybird are not required to be Accredited, the token must account for this if applicable.
Geography - Since Polybird aims to be global platform, the token must have permissions incorporated relevant to where the trader is domiciled.
Cap Table - Token must account for number of owners if relevant to the security being traded.


3.5 Interoperability


In case, the tokens are traded outside our secondary trading platform, the issuers must ensure that it happens in a compliant way. For example, in case of OTC type trade, the issuer, buyer and seller must use a compliant trading desk or Polybird Trading Desk for such transactions.


3.6 Quality Check


Polybird expects the issuer to provide well documented and easy to follow guide as well as function or integration test environment. In most cases, a detailed audit of the smart contract is required.


3.7 Approved Standards


While we don't assert any issuers to strict follow the token standards but if followed, simplifies our approval process and makes it less time consuming. We would be adding more standards in future.
DS Protocol - Securitize
R-Token - Harbor
ST-20 - Polymath
S3 - OpenFinance
T-REX - Tokeny



Summary


1. Documents


All documents should be provided in English Version.


Interim Report Annual Report Others
Universal Board Monthly financial report (US or Intl. GAAP review) US or Intl. GAAP audit, Comprehensive Disclosure Regulatory Required Filings
Premier Board Quarterly financial report (US or Intl. GAAP review) US or Intl. GAAP audit, Comprehensive Disclosure Regulatory Required Filings
Venture Board Quarterly financial statements Local country audit, General Disclosure Management and Business Profile
Entry Board Quarterly financial statements (Un-audited) Un-audit, General Disclosure Management and Business Profile

2. Listing Categories


Security - Fund, Equity, Debt, Futures, Derivatives
Asset
Commodity
Stablecoin
Digital Asset


3. Legal Structure


• Offshore holding company, legal opinion letter from home country and holding company jurisdiction on equity ownership or asset ownership
• Token agreement - legal opinion on rights of token


4. Security Token ("ST") Offering Structure


• Total ST authorized, number of ST offered
• Exchange listed or applied


5. Security Token Issuance


• All major public chain tokens supported


6. Legal Compliance


• Offering Circular, Private Placement Memorandum, PowerPoint Presentation, Public Offering Document
• US, EU, UK, Japan, HK, Singapore, Dubai, Malaysia offering and secondary trading compliance service provider agreement


7. CEO & CFO Certification


• Signed by both CEO & CFO for public disclosure


Apply for Listing

Contact Us



If you have any questions, please connect to: Our CEO, Harish D Gupta at harish@polybird.io