San Francisco-based startup Securitize, which helps firms to tokenize their securities and assets, is launching version 3.0 of its platform in a bid to accelerate digital securities adoption.
The move comes as Securitize is open-sourcing its Digital Securities (DS) Protocol. It also enhances its recently launched ecosystem that helps partners like lawyers, broker-dealers, and advisory firms to integrate its crypto compliance solutions.
Securitize’s newest platform features a control panel designed to help users manage the tokenization process across the entire token lifecycle.
“We decided to open source the DS Protocol only after proving it works in real-world applications with real customers tokenizing multiple actual securities. The DS Protocol is now ready for developers to begin creating innovative applications for digital securities and to join us in shaping the future of capital markets,” said Carlos Domingo, Co-Founder & CEO of Securitize.
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Meanwhile, crypto trading platform tZERO is set to integrate Securitize’s DS Protocol in order to allow users to trade security tokens in their secondary trading market.
With the use of its updated platform, the company aims to provide an automated compliance platform for security tokens and ensure the whole process, from onboarding to issuance and investor management, is done within regulatory guidelines.
Securitize supported by Coinbase and Ripple
The topic of security tokenization is generating buzz in the crypto community these days. Securitize CEO Carlos Domingo will discuss the phenomenon at the Finance Magnates’ upcoming Barcelona Trading Conference taking place on July 10-11. He will participate in the “The Present and Future of Security Tokens” panel, which will be moderated by Ziv Keinan, Co-Founder of Security Token Lawyers. Carlos will be joined by industry influencers including Philipp Pieper, Co-Founder and CEO of Swarm Fund, alongside several other top security token experts to give their opinions and insights.
At present, ensuring liquidity and compliance for crypto assets can often take months, but DS Protocol helps users issue and manage the lifecycle of digital securities. This includes managing the relevant events associated with security token ownership and its economic rights as they are traded on private and public exchanges.
Securitize says its new program includes Coinbase Custody, OpenFinance, Rialto Trading and CBlock Capital with more partners expected to follow suit rapidly.