Securitize obtains DLT approval from Spain, achieving real-time connection of digital securities between the US and Europe.

Source: TokenPost Original Title: Securitize, approved for TSS operations in Spain…real-time connection of digital securities in the US and EU Original Link:

Content Overview

Securitize has obtained the operating rights approval for the DLT-based trading settlement system (TSS) issued by the Spanish financial regulator CNMV. This approval makes it the only company under the EU DLT pilot scheme framework capable of connecting the digital securities infrastructure of both North America and Europe.

Core Development

The DLT pilot regime is a regulatory framework established by the EU for the construction of blockchain-based trading and settlement infrastructure, allowing for partial exemptions from existing EU securities regulations. Through this framework, Securitize can achieve cross-border circulation and trading of digital securities without the need for mandatory registration with unregistered exchanges or central clearinghouses as per traditional regulations.

Platform Status

• Asset management scale: 4.6 billion USD
• Among them, BlackRock's BUIDL Money Market Fund accounts for 50% ($2.3 billion)
• Platform Foundation: Avalanche Blockchain
• Company valuation: $1.25 billion (just before SPAC merger listing)

Strategic Intent

Securitize plans to leverage the newly approved Spanish platform to enable digital securities issued in the US to be traded and settled in Europe. This will achieve asset connectivity between the two markets, eliminating the inefficiencies and fragmentation of traditional global securities markets.

CEO Carlos Domingo stated: “We are committed to breaking down the barriers in the global financial markets. As the only digital securities infrastructure connecting the two major markets of the United States and Europe, we will create greater value for issuers and investors.”

Market Significance

This case indicates that the realization of “tokenized finance” is accelerating. In particular, achieving “feasibility” in the blockchain conversion of traditional assets with the participation of institutional investors marks the expansion of the intersection between institutional finance and digital assets.