Securitize, a leading platform for the Issuance and Management of Digital Securities on the blockchain backed by Coinbase has been recently registered by The United States Securities and Exchange Commission (SEC) as a transfer agent.
Securitize is the first and only SEC-registered transfer agent with a working blockchain protocol, active issuers, and integrations that allows digital securities which are powered by Securitize’s DS protocol to be traded on SEC-registered alternative trading systems (ATS), including Open Finance Network, tZERO, and Sharespost.
What Does it Mean
As a transfer agent, Securitize is now able to keep a real-time cap table of investors and facilitate corporate actions for issuers, including – the payment of dividends and interest, conducting shareholder votes and redemptions /share buybacks.
This registration approval enables Securitize 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. This allows securitize to act as a one-stop digital securities service provider, drastically decreasing the number of intermediaries required to compliantly manage the lifecycle for both registered and unregistered digital securities on the blockchain.
Carlos Domingo, Co-Founder and CEO of Securitize stated ” Securitize has consistently led the market through our execution and commitment to delivering on the promise of compliant digital securities on the blockchain. Becoming a registered transfer agent is a natural next step for Securitize as we continue to work towards 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.”
Other Securitize Related Updates
- Just a few days back, RISE, a leading fintech firm and solutions provider for implementation of trading strategies partnered with Securitize to efficiently run its Security Token Offering
- Earlier in June 2019, Securitize joined hands with a Japanese educational advocacy organisation ‘Japan Security Token Association’ (JSTA) to promote the adoption of digital securities in the country and tap into the high potential Asian Market.