- Securitize has already started the process of issuing tokens that represent shares in Spanish real estate investment fund Mancipi Partners.
- The assets are tokenized on the Avalanche blockchain.
Securitize has plans to become the first company to offer the issuance and trading of tokenized securities in both the U.S. and Europe, The Block reported.
Securitize has already begun the process of issuing tokens that represent shares in Spanish real estate investment trust Mancipi Partners. This process includes investor registration, issuance of shares and management of the capitalization table. The entire procedure is being overseen by Spain’s National Securities and Exchange Commission (CNMV).
The assets are tokenized on the Avalanche blockchain, and secondary trading is expected to begin in September.
The project was launched about a month ago after Spain’s General Secretariat of Treasury and International Finance authorized the deployment of digital asset securities to a limited number of businesses and investors in a controlled “sandbox” environment.
After the sandbox period ended, the firm expects to. Securitize plans to issue, manage and trade tokenized securities not only in Spain, but across the EU.
Reminder, earlier in July, the Avalanche Foundation announced the launch of a $50 million initiative to be called “Avalanche Vista,” which aims to support and demonstrate the value of tokenization across different asset classes.
At the same time, the Avalanche Foundation announced the launch of a $50 million initiative to be called “Avalanche Vista,” which aims to support and demonstrate the value of tokenization across asset classes.