Securitize launches tokenized security in Europe

Quick Take

  • Securitize aims to be the first firm to offer tokenized security issuance and trading across the U.S. and Europe. 

Securitize, a blockchain firm specializing in the tokenization of real-world assets, has started issuing tokenized securities in Europe that represent equity in the Spanish real estate investment trust Mancipi Partners.

The shares will be tokenized on the Avalanche blockchain, and secondary trading is set to begin in September. 

The rollout comes nearly a month after Spain's General Secretariat of the Treasury and International Finance approved the firm to deploy digital asset securities to a small number of businesses and investors under supervised "sandbox" conditions

Once the sandbox period expires after around six months and the firm gets the go-ahead from the European Union Pilot Regime, Securitize plans to issue, manage and trade tokenized securities in Spain and the EU more broadly. 

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