"Securitize Markets can now keep tokenized securities inside the broker-dealer while transactions settle against stablecoins on-chain. That structure is designed to reduce the number of separate accounts, parties, and manual steps involved in completing digital securities trades."
"Through this process, Securitize Markets is now the first company to be approved to custody tokenized securities in a regular broker-dealer, enabling it to facilitate atomic swaps and clear and settle transactions between tokenized securities and stablecoins onchain."
"The approval also permits Securitize Markets to be an underwriter and selling group participant for both initial and secondary offerings of tokenized securities."
Securitize Markets LLC has received expanded approval from FINRA, allowing it to custody, settle, underwrite, and distribute tokenized securities. This approval enables on-chain settlement against stablecoins within a regulated framework. The operational control allows Securitize to maintain tokenized securities in-house, streamlining digital securities trades by reducing the number of accounts and manual steps. This positions Securitize as a leader in facilitating atomic swaps and clearing transactions between tokenized securities and stablecoins, enhancing the infrastructure for tokenized stock offerings and IPO processes.
Read at news.bitcoin.com
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