9th April came along with a really relieving announcement as per the press release by Securitize, a compliance platform as well as a protocol for token issuers. Backed by United States crypto exchange Coinbase, it announced its launch of Securitize Ready Program.
SO WHAT IS THIS PROGRAM ALL ABOUT?
Well, each and every user of the Securitize Ready Program will be able to enjoy the various services offered by the partner firms, which will aim to issue security tokens on the Securitize Platform. Putting this simply, this is one of those rare platforms that will make it absolutely easy for organizations to design as well as issue their own tokens.
In addition to this, they made this statement while announcing their launch:
Securitize’s DS Protocol maintains compliance during secondary trading and enables automated features such as share buy-backs, dividends, voting, and more.
Moreover, it was found that this program includes some major industries like Coinbase Custody, OpenFinance, Rialto Trading, CBlock Capital, etc.
A BRIEF GLANCE AT THE HISTORY:
2018 witnessed a total of $12.75 million that was raised by Securitize as it closed a series of funding led by Blockchain Capital. It also included participation from Coinbase Ventures, Xpiring at Ripple, NXTP, OK BLOCKCHAIN, etc.
As of now, the most imperative priority for the Securitize, as per the CEO Carlos Domingo, is to build a debt issuance platform which will be made using Blockchain Technology.