The expanded approval was just granted through FINRA's Continuing Membership Application (CMA) process, which is required for broker-dealers to introduce new business lines or material capabilities. Through this process, Securitize Markets is now the first company to be approved to custody tokenized securities in a regular broker-dealer, enabling it to facilitate atomic swaps and clear and settle transactions between tokenized securities and stablecoins onchain. The approval also permits Securitize Markets to be an underwriter and selling group participant for both initial and secondary tokenized securities offerings.  

This milestone represents a major advancement for regulated digital asset markets, unlocking real-time, onchain settlement within a fully regulated broker-dealer framework and enhances Securitize's trading and distribution capabilities for tokenized securities.

Historically, these transactions required a multi-step, operationally complex process across separate accounts and intermediaries. By bringing custody and execution into the broker-dealer, Securitize can now enable these exchanges to occur in a single, seamless transaction, significantly reducing friction and settlement risk.