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

Disclaimer Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.