Securitize Launches Referral-Style Network For Issuance and Management of Digital Securities

Securitize first entered the cryptocurrency market as a result of support from Coinbase. However, it has come a long way since then.

The security token startup has announced the launch of a new network for referrals that will enable companies to manage and issue digital securities, according to an annoucement on April 9th.

The network, otherwise known as the “Securitize Ready Program,” is offering the services of the different partners that have joined them, which includes Rialto Trading, OpenFinance, and Coinbase Custody. It also has opportunities for services from CBlock Capital, a private investment group. This is not a complete list of all partners and Securitize has expressed interest in adding other partners in the future.

Clients for each of the included partners will have support as they create and manage their own security tokens with the support of broker-dealers, lawyers, and advisory firms. The available resources will also ensure that regulatory guidelines are met with these securities, according to Securitize.

The head of the program, Steven Lucido, noted that this program allows the partners to keep their focus on their core business, though their clients will have access to technology that expands beyond their available services. As Lucido sees it, this opportunity is a:

“win-win for both partners and the issuers they work with.”

Compliance for the platform and the digital securities protocol is completely maintained through secondary trading. The platform also makes it possible to take advantage of “automated” features, including share buy-backs, voting, and dividends. So far, Securitize has been able to help 22x, SPiCE VC, Blockchain Capital, and Augmate with their sales of digital securities.

In November, Securitize was the recipient of $13 million through a Series A funding round. At the time, the participants included Coinbase Ventures, Xpring by Ripple, OK Blockchain Capital by OKEx, and several others.

To help with the sale and tokenization of securities for firms, Securitize formed a partnership this year with OTCXN, which is a blockchain infrastructure company. The collaboration combined the securities compliance platform of Securitize with the custodial ledger system of OTCXN.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders...

Non-Custodial Bitcoin Exchange, Hodl Hodl, Launches Lending Service Without KYC

Hodl Hodl, a non-custodial Bitcoin exchange, is launching a KYC-free lending product for its customers. The exchange claims that its lending product would be...

Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in...

Strong Institutional Demand for Bitcoin, CME Becomes Second Largest BTC Futures Market

Bitcoin's price made a big shift this week as the bulls gained control of the market and pushed it past $13,000. A similar shift has...

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today