Securitize has secured a license from Spain’s CNMV to operate a DLT Trading and Settlement System (TSS) under the EU’s DLT Pilot Regime, positioning itself as the only firm licensed to operate regulated digital securities infrastructure across both the US and EU. The DLT Pilot Regime provides regulatory exemptions from certain EU rules, particularly for settlement systems.
The company, which manages $4.6 billion in assets including the BlackRock BUIDL money market fund ($2.3bn AUM), has selected the Avalanche blockchain for the platform. The announcement comes as Securitize prepares for a listing through a SPAC merger valuing the company at $1.25 billion. BlackRock is among its backers, alongside Hamilton Lane, Morgan Stanley, Nomura, Banco Santander and other institutional investors.
The move addresses a major gap in the tokenized securities ecosystem: the inability to efficiently trade the same assets across US and EU markets. Securitize plans to use its European venue to trade and settle its US-listed securities, connecting its existing American infrastructure with the new Spanish platform.
“Tokenizing the world means removing the borders that have historically fragmented global capital markets,” said Securitize CEO Carlos Domingo. “Becoming the only firm licensed to operate regulated digital-securities infrastructure across both the U.S. and the EU puts us in a unique position to connect issuers and investors across the world’s two largest financial markets.”
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