Securitize, a digital securities enabler, says it has topped $1 billion in tokenized assets. The company also reports over 500,000 accounts.
In a company statement, Securities said that tokenized real-world assets on-chain have “surged” with expectations of growth to continue as their Securitize Fund Services aim to address gaps in traditional fund administration.
Most of the securities world anticipates the inevitable migration to digital securities. Securitize is a multi-service digital asset platform that fuels issuance, secondary trading on a regulated ATS, transfer agent services, and more to help move the digital asset industry forward. Securitize also operates a regulated Broker Dealer.
The launch of Securitize Fund Services is said to target the current “slow and duplicative investor onboarding, delayed fund NAV calculations” and other issues that can be alleviated with smart contracts. The service supports institutional players like private equity and other management firms.
Securitize is already partnering with major asset managers, such as BlackRock, Hamilton Lane (Nasdaq: HLNE), and KKR.
Carlos Domingo, Securitize co-founder and CEO said they are proud of their one-stop platform that offers expertise in tokenization, and the regulated primary and secondary sales of tokenized assets.
“As we’ve surpassed $1 billion on-chain, we continue to evolve to meet the needs of our clients, and addressing the inefficiencies in traditional fund administration is a key part of that mission.”