Tokenization firm Securitize has officially gained status as a registered investment advisor with the U.S.
Securities and Exchange Commission, according to an announcement on Monday.
In particular, Securitize Capital LLC, a subsidiary of the publicly traded firm, gained the SEC registration, which will enable it to work more closely with asset managers and institutional investors on tokenized investment strategies.
"Becoming an SEC-registered investment adviser is an important step in the continued expansion of Securitize's platform," Securitize CEO Carlos Domingo said.
"Asset managers and institutional investors want to work with partners that understand both the opportunity of tokenization and the obligations that come with operating in regulated markets.” With this step, Securitize's U.S. platform now combines four regulated pieces: an SEC-registered investment adviser, an SEC-registered broker-dealer that operates an Alternative Trading System (ATS), an SEC-registered transfer agent, and fund administration services.
