Securitize is now registered with the United States Securities and Exchange Commission (SEC), therefore the company has complete freedom to keep records of securities. The company claims that being SEC-registered will boost the platform’s adoption.
What is Securitize?
Securitize is a company that coverts assets to tokens, and manages digital securities on the blockchain.
The announcement was made today by Carlos Domingo, Founder of Spicevc.com and CEO Securitize, on twitter. I quote
“News out. We are now an SEC-registered transfer agent to operate with securities on the blockchain.”
While SEC-registered securities usually require a fee of around $150, Sezuritize records them at no cost.
“One of the most important and unique aspects of our technology is the Digital Securities Protocol (DS Protocol). The DS Protocol allows for the compliant trading of tokens on secondary marketplaces, like Alternative Trading Systems (ATS) in the U.S., and many other global securities exchanges and marketplaces.”
Securitize also announced its 11th issued security that is currently running under its protocol. The total value of the securities is valuated at 200M dollars.
Securitize also integrated Tezos, however, it has no customers using the chain yet.
The firm will bring real-time transactions and transparency to the securities market.