Digital asset trading platform Securitize has begun tokenizing equity in the Spanish real estate investment trust Mancipi Partners, it announced on June 27. The firm expects to launch secondary trading on the Avalanche blockchain in September.
Securitize plans to carry out the first natively tokenized equity issuance under the European Union’s pilot regime for distributed ledger technology supervised by the European Securities Market Authority. The pilot regimeThe company will undergo a six-month sandbox period under the supervision of Spain’s National Securities Market Commission, known by its Spanish acronym CNMV.
“Securitize is now the first firm to be able to issue and trade tokenized securities in both the U.S. and Europe.” Securitize partnered with asset manager KKR to tokenize an interest in its Health Care Strategic Growth Fund II in September 2022. It