Coinbase-backed safety token startup Securitize has launched a referral community of kinds to assist corporations problem and handle digital securities.
Introduced Tuesday, the “Securitize Prepared Program” incorporates companies from varied companions, together with Coinbase Custody, buying and selling platforms OpenFinance and Rialto Buying and selling, in addition to personal funding group CBlock Capital. Extra companions are anticipated to hitch this system sooner or later, Securitize mentioned.
The Securitize Prepared program goals to assist the shoppers of those companions – which additionally embody broker-dealers, legal professionals and advisory companies – problem and handle safety tokens on Securitize platform inside regulatory pointers, the startup mentioned.
Steven Lucido, head of this system, mentioned in a press launch:
“Securitize Prepared frees companions to give attention to their core enterprise whereas offering their shoppers entry to the business’s most generally adopted issuance and lifecycle administration expertise. It represents a win-win for each companions and the issuers they work with.”
The Securitize platform and its digital securities protocol maintains compliance throughout secondary buying and selling and permits “automated” options resembling share buy-backs, dividends and voting, the agency mentioned.
Securitize additional mentioned that it has already facilitated digital securities gross sales for corporations resembling 22x, SPiCE VC and Augmate, in addition to Blockchain Capital’s BCAP safety token.
The startup raised round $13 million in a Collection A spherical final November, with participation from Coinbase Ventures, Ripple’s Xpring and OKEx’s OK Blockchain Capital, amongst others.
Earlier this 12 months, Securitize additionally partnered with blockchain infrastructure firm OTCXN to assist companies tokenize and promote securities by combining Securitize’s securities compliance platform with OTCXN’s custodial ledger system.
Securitize founder and CEO Carlos Domingo picture through the corporate