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Securitize Offering Automated Compliance for Security Token Issuances

By Jenny Aurora | April 13, 2019
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Securitize Offering Automated Compliance for Security Token Issuances

Digital securities platform Securitize has announced the release of a token compliance program called Securitize Ready Program, which also offers services from its partners such as Coinbase Custody, OpenFinance, Rialto Trading, C Block Capital and others.

Securitize, backed by major US cryptocurrency exchange Coinbase, said its new program is meant to further the adoption of its platform and Digital Securities (DS) Protocol by making it easier to digitize and issue securities tokens on the blockchain. The protocol will provide automated compliance for the security tokens, and ensure the process is executed within regulatory guidelines.

“Securitize’s DS Protocol maintains compliance during secondary trading and enables automated features such as share buy-backs, dividends, voting, and more,” the company said in a statement.

“Securitize Ready frees partners to focus on their core business while providing their clients access to the industry’s most widely adopted issuance and lifecycle management technology. It represents a win-win for both partners and the issuers they work with,” said Steven Lucido, Head of the Securitize Ready Program.

In February, Securitize announced a strategic partnership with Hong Kong-based C Block Capital to bridge traditional and digital capital markets together in the Greater China region, reported TheCryptoSight. The previous month, it was reported that Securitize was one of 10 companies to join IBM’s Blockchain Accelerator Program.

Earlier, Securitize reportedly raised $12.75 million in a Series A funding round, which was led by venture capital firm Blockchain Capital. Other companies that contributed include Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital, and Xpring.

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