FINRA green lights Securitize for tokenized IPO underwriting and custody
The Block
FINRA has approved Securitize to act as an underwriter and custodian for tokenized IPOs, marking a significant milestone for blockchain-based securities.Summary
FINRA has granted Securitize approval to expand its broker-dealer activities, enabling the firm to serve as an underwriter for tokenized IPOs and secondary offerings. Additionally, Securitize is now authorized to provide custody for tokenized securities through its subsidiary, Securitize Markets. This regulatory milestone allows for atomic settlements between tokenized stocks and stablecoins, streamlining processes that previously required complex multi-step transactions. These developments position Securitize as a "full stack onchain IPO" infrastructure provider, supporting a growing market that includes collaborations with major entities like the New York Stock Exchange and Computershare.
(Source：The Block)