The main tokenization platform Securitize is intensifying its efforts to provide tokenized equity to U.S. investors, appointing former PayPal executive Jerome Roche as its new General Counsel.
Securitize announced on Tuesday the appointment of Jerome Roche, who previously led the company's expansion of digital asset projects, including the PayPal USD (PYUSD) stablecoin.
Securitize also stated that its tokenized securities are now open to U.S. investors, challenging the notion that most issuers prefer to offer such products overseas due to local stock access issues.
Carlos Domingo, CEO of Securitize, told Cointelegraph, "It is widely believed that tokenized securities must primarily be offered outside the U.S., but our experience shows the opposite."
According to Securitize, operating real-world asset (RWA) tokenized products within the U.S. regulatory framework is "not only feasible but can be scaled to institutional-grade quality."
Domingo stated, "We have demonstrated that there is a clear regulatory path for issuers to offer native tokenized assets to U.S. investors."
"These are not synthetic representations or derivatives, but real securities on the chain," the CEO added.
Securitize's optimistic outlook on U.S. tokenization was published just days after the platform received EU approval on November 26 to operate as an investment firm and trading settlement system. According to the company, this approval makes it one of the first regulated digital securities infrastructure operators in both the U.S. and the EU.
Roche, the newly appointed General Counsel of Securitize, noted in the announcement, "Modern ledger technology allows us for the first time to record ownership, settle transactions, and transfer value in a fundamentally better way than the decentralized systems we inherited."
He added, "Innovation only works within a framework that fully complies with applicable laws," emphasizing Securitize's global efforts to advance regulated tokenized securities.
Securitize's news is another signal of the warming attitude towards tokenization in the U.S. On Monday, the U.S. Securities and Exchange Commission (SEC) terminated its investigation into competitor tokenization platform Ondo Finance.
Ondo stated that this decision marks a new chapter for U.S. tokenized securities, which are expected to become "a core part of the capital markets."
Related: U.S. banking regulators approve national banks to engage in cryptocurrency trading
Original article: “Securitize hires ex-PayPal exec, U.S. tokenization momentum strengthens”
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