Securitize, a Digital Security Offering (DSO) primary issuance and compliance platform and protocol, has announced a new strategic relationship with OTCXN, a blockchain-powered capital markets infrastructure company.
OTCXN’s technology incorporates key blockchain functionality, providing cryptographically provable ownership of assets on custodial blockchain ledgers and pre-trade risk checks, with the aim of reducing risk over the traditional centralised systems based on post-trade settlement. As part of the new partnership announced today, the OTCXN platform will be available for integration with Securitize’s compliance platform for customers issuing digital securities.
“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 tokenised crypto assets, implementing the Securitize DS Protocol and onboarding of our customers’ digital assets will be a seamless process,” says Carlos Domingo, CEO and co-founder of Securitize.
“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 realise the promise of this extremely important capital markets innovation,” states Rosario Ingargiola, CEO and founder of OTCXN.