Thursday January 28, 2021
Bitcoin (BTC) $31,149.00   Ether (ETH) $1,282.42
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Networks & Protocols

Security token platform Securitize integrates with Avalanche blockchain

 The integration gives Securitize issuers access to Avalanche’s security token technology, which offers significant improvements in transaction speed and cost savings...

Published by CryptoNinjas.net
12/10/2020
Security token platform Securitize integrates with Avalanche blockchain

Securitize, a primary issuance and compliance platform for security tokens and SEC-registered transfer agent, today announced its integration with Avalanche, the highly-scalable, open-source platform for launching applications and enterprise blockchain deployments in one, interoperable ecosystem.

In what amounts to a significant upgrade in time and cost savings for blockchain-based financial services offerings, issuers utilizing the Securitize platform can now issue and manage private securities (via security tokens) using the Avalanche blockchain.

The Avalanche blockchain executes transactions with sub-second finality and low transaction fees, which represents a dramatic improvement over existing public blockchains. Standard Avalanche transaction fees are a fraction of cent, in comparison to Ethereum’s “gas” costs that reached over $100 per transaction in 2020. The sub-second transaction finality on Avalanche is also a significant improvement when compared to Ethereum’s which are typically between 15 seconds and 5 minutes.

Carlos Domingo, Securitize CEO & Co-Founder stated, “Integrating with Avalanche gives Securitize issuers and their investors seamless access to the latest blockchain technology while demonstrating our commitment to re-inventing private capital markets with proven, trusted technology solutions that are driving our industry towards an inevitable tipping point of mass adoption.”

“Digital securities remain an open frontier for innovation, and there’s no better home for these assets across their entire lifecycle than on the Avalanche blockchain with Securitize as a partner,” says John Wu, President of Ava Labs. “With Avalanche, institutions finally have the full package of speed, low cost, and customizability in asset structure they require to pursue tokenization at a meaningful scale, and we’ll soon see the first such issuances.”

The opportunity to digitize private securities is significant.  In 2019, private capital markets raised more than double that of public markets — $2.9T versus $1.4T (according to the World Federation of Exchanges) and did so with only 2.5% of eligible accredited investors participating. By 2023 private capital markets are projected to be worth $14T (according to Prequin). In contrast, the nascent digital securities market has a current market cap of only $500M (according to Security Token Market) indicating that the digitization of these markets has a lot of runway.

Founded in 2017, Securitize is one of the most successful and recognized companies in the security token space, with currently more than 150 customers and 50,000 investors currently using its issuance and compliance platform for digital securities. Securitize has raised over $30M to date from some of the world’s largest financial institutions, including Santander InnoVenture (rebranded as Mouro Capital), MUFG, Nomura Holdings, SBI, and Sony Financial Ventures (SFV). In addition, Securitize has received funding from well-known blockchain investors such as Algo Capital (renamed Borderless Capital), BlockchainCapital, Blockchain Ventures, Fenbushi, Kinetic, SPiCE VC, and the Tezos Foundation.

Securitize’s wholly-owned subsidiary, Securitize Markets, LLC, is an SEC and FINRA registered broker-dealer and alternative trading system (ATS).

Since launching mainnet on September 21, Avalanche has over 600 full, block-producing validators participating in network consensus, and an additional 2,500 delegators participating in staking. Collectively, they account for over $1B in AVAX staked to secure the network.

Avalanche has attracted contributions from a large pool of open-source developers, awarded significant grants for engineers to build infrastructure and applications, and integrated with leading projects like Chainlink, Polyient, and Quantstamp. It has raised $60M to-date, including $42M in a 4.5-hour public sale this July, and a separate private sale led by Galaxy Digital, Bitmain, and Initialized Capital.

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: avalabs.org

Related Posts

YIELD App expands its DeFi banking solution to Avalanche blockchain

YIELD App expands its DeFi banking solution to Avalanche blockchain

01/21/2021
Reef Finance integrates with Avalanche to enable access to cross-chain DeFi

Reef Finance integrates with Avalanche to enable access to cross-chain DeFi

01/05/2021
TrueUSD to be first USD stablecoin in Avalanche’s DeFi ecosystem

TrueUSD to be first USD stablecoin in Avalanche’s DeFi ecosystem

12/16/2020
Avalanche blockchain platform from Ava Labs launches on Sep 21

Initial Litigation Offerings to bring $10B asset class to Avalanche blockchain

12/14/2020
Avalanche (AVAX) token now on Voyager Digital as first U.S. listing

Avalanche (AVAX) token now on Voyager Digital as first U.S. listing

12/08/2020
Avalanche blockchain platform from Ava Labs launches on Sep 21

Avalanche blockchain platform from Ava Labs launches on Sep 21

09/16/2020
Load More
Leave Comment

Recent Updates

Multi-chain oracle platform Paralink Network raises $2.8 million

Moonbeam completes test integration of ChainBridge, the network’s first bridge to Ethereum

Crypto asset manager app ICONOMI adds support for automated trading

Wallet app for CommerceBlock’s Bitcoin sidechain now operational

Japan crypto exchange bitbank adds support for QTUM

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Crypto exchange Bitpanda opens pre-orders for Visa debit card

Moonbeam and Ocean Protocol to bring a new data economy to Polkadot

Crypto API platform Zabo now supports FTX

BetProtocol rebrands to BEPRO Network offering full blockchain gaming codebase

NEM Ventures launches 2021 NEM Ignite incubator program

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version