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Securitize receives regulatory approval from the SEC for BD/ATS acquisition

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

Is the SEC going soft on tokenization and digital assets?

Securitize, the industry-leading primary issuance and compliance platform for digital securities (security tokens) and an SEC-registered transfer agent, announced today that it has received regulatory approval to acquire Distributed Technology Markets, LLC,  a FINRA registered broker-dealer with an alternative trading system (ATS) on file with the SEC.

The entity, which will be renamed Securitize Markets, LLC “Securitize Markets”, enables Securitize to offer a complete digital suite of services from primary issuance through secondary trading.

Carlos Domingo, Securitize CEO and co-founder stated, “Private markets represent a massive segment of the modern global economy but are way behind when it comes to using technology to make issuing and trading more efficient, transparent, and accessible.”

“By integrating Securitize Markets into our existing digital transfer agent platform and services, we can now offer a seamless digital solution for issuers and investors that dramatically improves the experience compared to the poorly digitized processes that are being used today” said Mr Domingo.

Securitize has over 130 customers, all of which are managed using Securitize’s transfer agent platform and services, and DS (Digital Securities) Protocol technology.

Securitize also announced that Jonathan Kelfer, former Co-Founder and CEO of Velocity Markets – one of the divisions of the newly acquired DTM – has been named as the firm’s new CTO.

Chris Wittenborn and Patrice O’Mara have been named as the leadership team for Securitize Markets. Wittenborn will serve as CEO and O’Mara as CCO. They previously held the same roles at DTM.

Chris Wittenborn, CEO of Securitize Markets stated, “Securitize Markets is continuing the initiative of working hand in hand with regulatory bodies to construct a compliant capital markets framework for private securities – including digital asset securities. We’re excited to join forces with Securitize in an effort to continue developing this market.”

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