Securitize and the tokenization of funds
An asset manager that puts a fund share on a blockchain still needs a transfer agent to keep the register, a broker-dealer to sell the share and a venue to trade it. Securitize holds these roles under US securities law and, through a Spanish license, under the EU DLT Pilot Regime. It works with asset managers such as BlackRock, Apollo, Hamilton Lane, KKR and VanEck.
Fund tokenization and investor administration
Securitize provides issuance and administration services for tokenized assets. In the United States it is an SEC-registered broker-dealer, digital transfer agent and fund administrator, and it operates an SEC-regulated alternative trading system. One firm covers issuance, investor onboarding, the register of holders and secondary trading, which is why one analysis calls Securitize the plumbing under tokenized funds.
The best-known fund on the platform is BlackRock's USD Institutional Digital Liquidity Fund, BUIDL, for which Securitize is the tokenization platform and transfer agent. Tokenized money market funds describes how BUIDL holds short-term US Treasury bills and repo and pays its yield on chain.
Securitize in the EU: a trading and settlement system
Spain's securities regulator CNMV authorized Securitize to run a trading and settlement system (TSS) under the EU's DLT Pilot Regime, developed with input from ESMA, the Bank of Spain and the European Central Bank. A TSS combines the roles of a multilateral trading facility and a central securities depository in one system, so a tokenized security trades and settles in the same place. Securitize's Spanish investment firm license, granted in December 2024, has been passported to Germany, France, Italy, Luxembourg and the Netherlands, and the European TSS runs on Avalanche.
Funds, credit and its own share on chain
Besides BUIDL, Securitize lists tokenized credit and fixed income funds with managers such as Apollo and Neuberger. The company became a listed firm through a merger with Cantor Equity Partners II and issued a tokenized version of its own share, SECZ, on the day of the listing.
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What does Securitize do?
Securitize issues and services tokenized securities. It keeps the register of holders as a transfer agent, onboards investors, sells the tokens as a broker-dealer and runs a trading venue for them.
Is Securitize licensed in the EU?
Yes. Securitize Europe holds a Spanish investment firm license, passported to other EU states including Germany, and a CNMV authorization to operate a trading and settlement system under the DLT Pilot Regime.
What is the link between Securitize and BlackRock?
BlackRock's tokenized money market fund BUIDL uses Securitize as its tokenization platform and transfer agent.
Which blockchains does Securitize use?
Securitize issues tokens on several public blockchains, among them Ethereum and Avalanche. Its European trading and settlement system runs on Avalanche.
Tokenized funds and securities
Blockchains and firms
Securitize and Finance Loop
Finance Loop has a strategic cooperation with 21X, which runs a trading and settlement system under the same DLT Pilot Regime in Frankfurt. Tokenized funds and securities belong to Finance Loop's Investment & Digital Assets track, and its event partner, the Multichain Asset Managers Association, brings asset managers together on the subject.
Finance Loop is a professional network and has the goal of driving the adoption of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.