Today Securitize launched its secondary market trading venue for security tokens, Securitize Markets, almost a year after acquiring DTM, the FINRA registered alternative trading system (ATS) and SEC-registered broker-dealer. The delay is likely in part owing to regulatory approval.
Securitize has attracted numerous big name backers, including Santander, Nomura, MUFG, SBI, and Sony Financial Ventures. Blockchain Capital and Morgan Stanley Tactical Value co-led its $48 million Series B fundraising in June.
The digital assets company started by providing a compliance platform to enable stocks or other assets such as real estate or funds to be transformed into tokenized securities. It sounds simple enough. However, with private stocks there are often restrictions about to whom the stock can be transferred. The solution supports compliance classifications such as whether an investor is considered accredited.
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