Securitize, Computershare Team Up to Bring $70 Trillion US Stock Market On-Chain
Summary
- BlackRock-backed Securitize said it is teaming up with Computershare to bring the $70 trillion U.S. stock market on-chain.
- The two companies said they had signed a partnership to allow U.S.-listed companies to issue tokenized shares alongside existing stock.
- U.S.-listed companies could use IST to offer investors a choice between traditional finance systems and digital wallets while retaining control over their shareholder base.
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Securitize, the tokenization platform backed by BlackRock, is partnering with Computershare to bring U.S.-listed stocks on-chain.
Citing a statement released April 29, CoinDesk reported that Securitize had signed a partnership with Computershare to help U.S.-listed companies issue tokenized shares alongside their existing stock. The companies are targeting the $70 trillion U.S. equity market.
The partnership centers on the Issuer Sponsored Token, or IST. The structure would allow U.S.-listed companies to keep their existing shares intact while giving investors the option of holding stock through traditional finance systems or digital wallets.
Computershare will act as the transfer agent for the tokenized shares. Securitize will provide the technology for real-world assets, including stocks and funds, to be issued, traded and managed on blockchain.
The arrangement is also designed to let listed companies retain control over their shareholder base. Ann Bowering, chief executive officer of Computershare Issuer Services North America, said the partnership is focused on enabling U.S.-listed companies to issue tokenized shares while maintaining that control.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
