On December 17, Securitize announced its approval from the Spanish National Securities Market Commission (CNMV) as an investment firm. The company also registered Securitize Europe Brokerage and Markets, S.A., to operate as a broker-dealer.
CNMV Approval for Securitize
Securitize hopes to provide services for blockchain-based financial assets, including acting as an Entidad Responsable de Inscripción y Registro (ERIR). The firm stated it can now tokenize, manage, and facilitate the lifecycle of cryptocurrencies in Europe. The CNMV's approval highlights blockchain technology's integration into traditional financial systems under Spain’s legal framework.
Impact on the Digital Asset Market
The investment firm noted it may provide services such as tokenization of financial instruments. It also hopes to operate a DLT trading and settlement system, pending approval under the Pilot Regulation. The approval will enable Securitize to tokenize, manage, and facilitate the lifecycle of digital securities in Europe.
Expanding Influence in Europe
Securitize became the first platform to issue digital asset securities in both the U.S. and Europe. It began issuing tokenized securities in Europe from July 2023. European businesses will have a new way to raise capital with primary capital raises and enjoy tax benefits through secondary trading.
CNMV's approval opens new opportunities for Securitize, affirming its leadership in securities tokenization in both the U.S. and Europe.
