SEC Approves Security Token Platform Securitize To Record Digital Securities

Announcements, News | August 22, 2019 By:

Security token platform Securitize has become a registered transfer agent with the US Securities and Exchange Commission (SEC).

Founded in 2017, Securitize is a full stack technology and services platform with features and specialized tools for both investors and issuers. It delivers global solutions for creating compliant digital securities. The company claims that its Digital Securities (DS) Protocol has the highest adoption rate in the industry and enables seamless, fully compliant trading across multiple markets simultaneously.

As a SEC-registered transfer agent, Securitize will be able to act as a transfer agent for digital securities registered with the SEC, as well as for issuers of Reg A+ and Reg CF digital securities who wish to exempt their digital securities from the mandatory registration requirements of Section 12(g) of the Securities Exchange Act of 1934.

Securitize claims that it is the first and only SEC-registered transfer agent with a working blockchain protocol, active issuers, and integrations that allow digital securities powered by Securitize’s DS protocol to be traded on SEC-registered alternative trading systems (ATS), including Open Finance Network, tZERO, and Sharespost.

“Securitize has consistently led the market through our execution and commitment to delivering on the promise of compliant digital securities on the blockchain,” said Securitize CEO and co-founder Carlos Domingo. “Becoming a registered transfer agent is the natural next step for Securitize as we continue to work toward making all securities digital; it opens up opportunities for issuers of registered securities to tap into the digital securities market in an efficient and trusted way, and also allows issuers of Reg A+ and Reg CF digital securities to use a blockchain-based transfer agent if they wish to exempt their digital securities from the mandatory registration requirements of Section 12(g) of the Exchange Act.”