- On Wednesday, Continental Stock Transfer & Trust Company announced its partnership with Securitize, making it a preferred tokenization partner.
- The partnership will expand tokenization infrastructure access for Continental’s issuer clients, including SPACs, IPOs, and other publicly traded companies.
- It will allow issuer clients to explore blockchain-based securities ownership, distribution, and capital market solutions.
On June 24, Continental Stock Transfer & Trust Company, a popular independent stock transfer agent in the country, announced that it has selected Securitize as its preferred tokenization partner.
Continental Provides Issuers with Access to Blockchain-Based Securities Through Securitize
According to the official press release, the partnership will provide Continental’s issuer clients, such as SPACs, IPOs, and publicly traded companies, access to tokenization infrastructure. It will allow clients to explore blockchain-based securities ownership, distribution, and capital markets solutions while maintaining the traditional public market standards.
Carlos Domingo, Co-Founder and CEO of Securitize, mentioned in the press release, “Continental has been the gold standard in SPAC processing for over 20 years and has a long track record of supporting companies through complex corporate transactions. We’re excited to continue to work together to help bring tokenization capabilities to a broader segment of the market.”
The integration of Securitize will allow Continental to provide issuers with an alternative option of regulated digital securities in the tokenized form through Securitize. This integration will allow Securitize’s clients to enhance operational efficiency while increasing the speed of transactions. It will also help Continental to create new investor engagement models while continuing the existing high-touch service.
“Continental currently serves as transfer agent for Cantor Equity Partners II, Inc., supporting the CEPT shareholder meeting, de-SPAC process, and other related services in connection with the proposed business combination. Upon closing of the transaction, Continental is expected to serve as exchange agent for the business combination and transfer agent for the combined public company, which is expected to trade on the New York Stock Exchange under the ticker symbol SECZ,” stated in the press release.
Securitize will provide Continental’s issuers with its fully regulated stack, including proprietary agent technology, KYC, and AML onboarding, through Securitize Markets. Securitize is working as an SEC-registered transfer agent, broker-dealer, and a FINRA member. It is the only company with all these important authorizations for regulated digital securities infrastructure in the U.S. and the European Union through its DLT Pilot Regime license.
Steven Nelson, Chairman and President of Continental, said, “Continental has long been a trusted partner and leader for the SPAC community. Securitize gives our issuers access to regulated best-in-class tokenization infrastructure, while preserving the high-touch service model Continental is known for.”
SEC Guidance Boosts Tokenized Asset Adoption
Amid the growing regulatory clarity, the tokenized real-world assets market is growing rapidly. On January 28, the U.S. Securities and Exchange Commission released a detailed statement on tokenized securities and taxonomy. In the statement, the agency clarified that tokenized securities will follow the same rules as traditional securities.
The official statement has covered issuer-sponsored models, where the blockchain integrates with the master securityholder file, and third-party models, which include custodial entitlements or synthetic securities.
The official statement, along with major developments like the NYSE and Nasdaq tokenized platforms, DTC pilots, and the GENIUS Act for stablecoins, has reduced the regulatory uncertainty. This has helped them to increase institutional adoption.
According to rwa.xyz, the distributed asset value of real-world assets is currently revolving around $32.23 billion, thanks to growing adoption of tokenized bonds and money market funds among institutional investors.
Securitize is a major platform for Nasdaq-listed equities and tokenized securities. It has formed partnerships with major asset managers such as BlackRock, Apollo, and KKR. The platform is providing end-to-end services, including trading on its alternative trading system. The platform is known for compliant on-chain issuance of securities.
Earlier this month, Securitize announced the expansion of its Securitize Tokenized AAA CLO Fund (STAC) to the Solana blockchain network.
