What does Polymath do?
From this article, it seems that it just provides a platform to launch tokens for a very high cost. It seems to be nothing more than an ICO agency dedicated to security tokens.
Why is an internal exchange important?
Well...
What good are security tokens if there's no secondary market for them?
Current cryptocurrency exchanges cannot support them. A real STO platform is in reality an exchange that can support security tokens. Sure, they can even place an ICO launch platform in it; that won't take much effort.
On a closing note, I genuinely wonder what did Polymath spend its $200M+ ICO funds. Ethereum, Binance, NEO, ICON, MIOTA combined, were built with a fraction of that.
Hi @hatu
Did they raised that much? Well. Perhaps they have lost 70% of it already since market crashed so badly?
But yeah, I get your point.