Securitize Goes License Shopping With Acquisition of SEC-Registered Broker-Dealer
Security token firm Securitize announced Thursday its planned acquisition of Distributed Technology Markets (DTM).
Uphold is set to become one of the first cryptocurrency businesses in the U.S. to offer securities on an omnibus basis to retail investors, the company said.
The SEC's broker-dealer guidance was generally welcomed as a step in the right direction by industry players.
The custodian’s bank charter allows it to hold digital assets for broker-dealers and their clients, said Anchorage CEO Nathan McCauley.
U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.
Texture is the latest tokenization firm to eye the $1.5 trillion private securities market.