FINRA Approves Securitize as First Full-Stack Onchain IPO Underwriter and Custodian

According to The Block, FINRA has approved Securitize to underwrite tokenized IPOs and secondary offerings, and to custody tokenized securities through its broker-dealer subsidiary. The approvals make Securitize the first firm to receive such comprehensive regulatory green light for onchain securities infrastructure. "The underwriting and selling group approvals greatly enhance our capabilities to assist tokenizing securities during the IPO process," Securitize President Brett Redfearn said.

Securitize Markets will facilitate atomic swaps between tokenized stocks and stablecoins, eliminating multi-step settlement processes. "Bringing custody of tokenized securities into the broker-dealer is a foundational unlock," CEO Carlos Domingo said. The approvals were granted through FINRA's Continuing Membership Application process.