Securitize announced that it has launched a tokenized security protocol in Europe.
The company aims to be the first company to achieve this in the USA and Europe after the tokenized security it started in Europe. The company continues to be a pioneer in turning real-world assets into digital tokens.
Securitize continues its moves in Europe and the USA in line with its targets
Securitize continues its activities with the aim of being the first company to launch tokenized securities issuance and trade in Europe. The company has started issuing tokenized securities in Europe representing the equity of Spanish real estate investment trust Mancipi Partners.
Mancipi Partners shares will be represented on the Avalanche Blockchain and will begin trading on the secondary market in September. The presentation took place a month or so after the approval of the Spanish General Secretariat of the Treasury and International Finance. This approval allows a limited number of businesses and investors to transact under a firm-controlled “sandbox” to issue digital asset securities.
Once the sandbox term expires in about six months and the firm is approved by the European Union Pilot Regime, Securitize plans to issue, manage and trade wider tokenized securities across Spain and the EU.
Carlos Domingo, co-founder of Securitize, describes this development as follows:
“Securitize is proud to be the first firm to issue and trade tokenized securities in both the US and Europe, and the first to do so under the EU’s new pilot regime for digital assets.”
Domingo also emphasizes that European businesses will be a key beneficiary of this innovation, which offers potential tax advantages in raising capital and gaining liquidity.
Securitize partnered with asset manager Hamilton Lane in May to increase investor access to tokenized securities offerings. With such collaborations and initiatives launched in Europe, Securitize aims to contribute to the wider adoption and use of tokenized securities in the financial world.
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