Securitize hires former PayPal exec as US tokenization gains traction
Securitize appointed former PayPal executive Jerome Roche as general counsel amid growing US tokenization activity.Summary
Tokenization platform Securitize has appointed Jerome Roche, a former PayPal executive who oversaw digital asset projects like the PayPal USD stablecoin, as its new general counsel. This move signals Securitize's commitment to bringing tokenized equity to US investors, challenging the perception that such products must be offered abroad. CEO Carlos Domingo asserted that Securitize has a clear, scalable regulatory path for tokenizing real-world assets within the US compliance framework, using SEC-regulated infrastructure like a registered transfer agent broker-dealer. This development follows Securitize recently gaining regulatory approval in the EU, positioning it as an operator for regulated digital securities infrastructure in both the US and EU. The hiring and platform's progress align with broader positive signs in the US, such as the SEC dropping its investigation into rival Ondo Finance.
(Source：Cointelegraph)