Securitize, a leading Digital Security Offering (DSO) primary issuance and compliance platform and protocol, has announced a new strategic relationship with OTCXN, a live blockchain-powered capital markets infrastructure company that enables institutional traders to trade tokenized crypto assets while eliminating the settlement risk inherent in traditional systems.
“OTCXN’s comprehensive, multi-custodian, secondary market trading infrastructure pipeline is a tremendous opportunity to scale the digital securities market. And, because OTCXN is in production today with other tokenized crypto assets, implementing the Securitize DS Protocol and onboarding of our customer’s digital assets will be a seamless process,” said Carlos Domingo, CEO, and Co-Founder of Securitize.
OTCXN’s technology incorporates key blockchain functionality, providing cryptographically provable ownership of assets on custodial blockchain ledgers and pre-trade risk checks, representing a critical reduction in risk over the traditional centralized systems based on post-trade settlement. The OTCXN platform can be integrated with Securitize’s compliance platform to provide a seamless experience to Securitize’s customers in issuing digital securities and connecting to their investors.
“We believe the DSO market presents an immense long-term opportunity in the blockchain and digital asset space, and we are poised to be the core infrastructure provider. Our platform for secondary market trading already contains the technology pipeline required to realize the promise of this extremely important capital markets innovation,” stated Rosario M. Ingargiola, CEO, and Founder of OTCXN.
OTCXN is in discussions with regulated entities that could partner with OTCXN to address potential regulatory requirements that may arise in connection with facilitating the exchange of digital securities.