Coinspeaker
Securitize Expands to Europe with Issuance of Tokenized Real Estate Securities in Spain
United States-based tokenization firm and trading platform Securitize is expanding to the European Union with the tokenization of Spanish real estate investment trust Mancipi Partners’ equity. According to the Thursday announcement, the firm is now the first to issue and trade tokenized securities in both the US and EU. Securitize is responsible for investor onboarding, share issuance, and capitalization table management.
The shares are tokenized on the Avalanche blockchain, with secondary trading expected to being in September. Tokenization is the process of turning traditional financial assets into digital tokens issued on a blockchain. The process has been lauded for its potential to reduce costs and improve efficiency. BlackRock CEO Larry Fink believes that “the next generation for markets, the next generation for securities, will be tokenization of securities.”
The move to iss
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