Curzio Equity Owners (CEO) Token Becomes Tenth Coin To Launch On Securitize, A Coinbase-Backed Platform
Digital asset management at Coinbase-backed, Securitize, is gradually picking off as assets under management value increases.
The company announced earlier on Tuesday, the addition of yet another on-chain token – Curzio Equity Owners’ (CEO) token.
The Curzio Token (CEO) Launches on The Securitize Platform
The Curzio Equity Owner’s token, short CEO, becomes the tenth digital asset to gain listing on the securities management firm.
On its website, the Curzio equity owner’s token is described as the first digital security that offers an equity stake in the high-margin investment newsletter industry. The token provides equity backed by the Curzio Research newsletter business aiming to provide its users with a scalable, peer to peer network. The token provides an opportunity for the holders to join a previously intense industry to join.
The securities management firm is witnessing steady growth with the CEO token expected to add the value of its AUM from the current $200 million USD mark. Currently the value is contributed by the 9 assets on the platform with five of these assets trading on regulated markets like Open Finance Network, Sharespost, and tZero’s alternative trading system (ATS).
Speaking on its addition on Securitize, the CEO and founder of Curzio, Frank Curzio, showed excitement and belief that the platform will soon take over the legacy systems. He said,
“I’m excited to be an early adopter of digital securities, an industry that’s disrupting the traditional high-fee investment banking business model.”
Securitize: Digital Asset Management
Securitize offers users a secure platform for digital asset management, trading services and technical work relating to onboarding clients and investors. Despite the extended help offered by Securitize, Curzio had to file its own legal documents.
The Securitize program assists corporations and startups manage their digital assets and further offer services relating to offering securities. Some of these services include securing legal advice, issuance and management platform fees, broker-dealer fees and listing fees – if a listing takes place. The statement from the Securitize firm confirms that the process of launching the token was not all smooth as costs hindered part of the listing.
Recently, Securitize switched to an open source protocol for developers in a bid to enhance the issuance of the tokens.