Coinbase-Backed Securitize Launches One-Stop Shop for Token Services

Carlos-Domingo_Securitize-CEO-CoFounder
9 April 2019

Coinbase-backed security token startup Securitize has launched a referral network of sorts to help companies issue and manage digital securities.

Announced Tuesday, the “Securitize Ready Program” incorporates services from various partners, including Coinbase Custody, trading platforms OpenFinance and Rialto Trading, as well as private investment group CBlock Capital. More partners are expected to join the program in the future, Securitize said.

The Securitize Ready program aims to help the clients of these partners – which also include broker-dealers, lawyers and advisory firms – issue and manage security tokens on Securitize platform within regulatory guidelines, the startup said.

Steven Lucido, head of the program, said in a press release:

“Securitize Ready frees partners to focus on their core business while providing their clients access to the industry’s most widely adopted issuance and lifecycle management technology. It represents a win-win for both partners and the issuers they work with.”

The Securitize platform and its digital securities protocol maintains compliance during secondary trading and enables “automated” features such as share buy-backs, dividends and voting, the firm said.

Securitize further said that it has already facilitated digital securities sales for companies such as 22x, SPiCE VC and Augmate, as well as Blockchain Capital’s BCAP security token.

The startup raised around $13 million in a Series A round last November, with participation from Coinbase Ventures, Ripple’s Xpring and OKEx’s OK Blockchain Capital, among others.

Earlier this year, Securitize also partnered with blockchain infrastructure company OTCXN to help firms tokenize and sell securities by combining Securitize’s securities compliance platform with OTCXN’s custodial ledger system.

Securitize founder and CEO Carlos Domingo image via the company