Securitize becomes first US broker-dealer approved for security token custody

Tokenized securities platform Securitize announced via X that it has expanded its broker-dealer scope after its Continuing Membership Application (CMA) was approved by the U.S. Financial Industry Regulatory Authority (FINRA). With this approval, Securitize has become the first broker-dealer authorized to provide custody for security tokens. The company can now offer a comprehensive infrastructure for on-chain Initial Public Offerings (IPOs), process atomic swaps between security tokens and stablecoins, and handle on-chain clearing and settlement in a single transaction, simplifying its operational procedures. Furthermore, Securitize can now act as an underwriter or a member of a selling group in public offerings of security tokens.