Securitize receives regulatory approval from the SEC for BD/ATS acquisition

The San Franciso-based startup Securitize, which helps firms tokenize their securities and assets, announced that it has received regulatory approval from the SEC to acquire Distributed Technology Markets, LLC,  a FINRA registered broker-dealer with an alternative trading system (ATS).

As part of the takeover, the newly acquired entity will be renamed Securitize Markets, which will offer a complete digital suite of services from primary issuance through secondary trading. Securitize will soon be capable of offering blockchain-based securities and at some point to develop its own secondary marketplace, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This process gave the company firsthand insight into such processes.

Carlos Domingo, Securitize CEO and co-founder stated, “By integrating Securitize Markets into our existing digital transfer agent platform and services, we can now offer a seamless digital solution for issuers and investors that dramatically improves the experience compared to the poorly digitized processes that are being used today.”

Chris Wittenborn, CEO of Securitize Markets stated, “Securitize Markets is continuing the initiative of working hand in hand with regulatory bodies to construct a compliant capital markets framework for private securities – including digital asset securities. We’re excited to join forces with Securitize in an effort to continue developing this market.”