Yesterday Securitize announced it has agreed to acquire Distributed Technology Markets (DTM) a U.S. firm registered with FINRA as an alternative trading system (ATS) and the SEC as a broker dealer. The combined companies will provide a complete security token solution.
Securitize, backed by Santander Innoventure, Nomura, SBI and Sony Financial Ventures, has to date focused on digital asset issuance, investor management and regulatory compliance around digital securities.
In a blog post, CEO Carlos Domingo explained the move. Securitize has had discussions with forty different businesses planning to create marketplaces, but very few have launched. One of them, Open Finance, is struggling and earlier this year, it asked for help from issuers on its platform. Others are building centralized platforms without tokens.
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