Securitize, the blockchain startup backed by Santander, Nomura, MUFG, SBI, and Sony Financial Ventures, has acquired Pacific Stock Transfer which deals with conventional stocks. As a security token company, Securitize was founded to digitize the recordkeeping for stock holdings as digital assets and registered as a stock transfer company in 2019.
So the question is, why is the startup buying an old-school stock transfer company? The answer is the 3,000 publicly and privately traded clients that use Pacific Stock Transfer services. In contrast, Securitize has 200 companies that have issued security tokens through its platform. In one leap, Securitize became a top ten stock transfer company in the United States. And it can offer its newly acquired clients the option to tokenize their stocks.
Securitize already provides an end-to-end service. Its platform enabled primary market security token issuance from the early days. In 2020 it acquired DTM, the FINRA registered alternative trading system (ATS), which enabled the company to launch secondary market trading.
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