[Securitize Approved by EU to Operate Tokenized Trading and Settlement System, Selects Avalanche Blockchain] According to The Block, on Wednesday, Securitize received regulatory authorization under the EU Distributed Ledger Technology (DLT) pilot program to operate a regulated trading and settlement system, becoming the first institution with compliant tokenization infrastructure in both the U.S. and EU. The Spanish National Securities Market Commission (CNMV) has approved its operation of the system across the EU. As part of the system launch plan, Securitize will deploy a European trading and settlement platform based on the Avalanche blockchain due to its near-instant settlement capabilities and customizable institutional-grade architecture. The first tokenized securities issuance under the new authorization is expected to take place in early 2026.