Securitize Markets Gains Approval for Expanded Tokenized Securities Operations
- On May 4, Securitize’s subsidiary received expanded approval from FINRA to enhance its role in tokenized securities.
- The approval allows Securitize Markets to handle custody, settlement, underwriting, and distribution of tokenized securities.
- Transactions can now settle onchain against stablecoins within a regulated broker-dealer framework.
- This development enables atomic swaps and real-time settlement between tokenized securities and stablecoins onchain.
- Carlos Domingo, CEO of Securitize, highlighted the efficiency gains from integrating custody into the broker-dealer model.
Securitize Markets’ new permissions streamline the process for handling tokenized securities by reducing intermediaries and manual steps involved in transactions. The integration of custody within the broker-dealer framework enhances speed and efficiency through blockchain infrastructure.
This advancement marks a significant step in regulated digital asset markets by enabling seamless onchain settlement within a fully regulated environment, facilitating both initial public offerings and secondary offerings of tokenized securities. (Source)
