Share this article
Securitize Users Can Now Directly Trade Security Tokens With Just a Web Link
The peer-to-peer trading service allows investors to directly trade security tokens directly and simply.
By Paddy Baker
Updated Sep 14, 2021, 8:32 a.m. Published Apr 23, 2020, 12:00 p.m.
Make us preferred on Google
A new peer-to-peer trading facility from Securitize allows retail investors to buy and sell security tokens near instantaneously by simply clicking a web link.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The San Francisco firm – which received SEC approval last year – said Thursday the new "Instant Access" service allows users to directly trade security tokens, in a secure and regulatory compliant way. The system works on the Ethereum mainnet without middlemen adding costs and friction to the process.
Built on Securitize's Digital Securities protocol, the new facility speeds up a cumbersome process, by which security token holders try to sell without making a position on a public exchange. Carlos Domingo, Securitize co-founder and CEO, said Instant Access helped "fulfill one of the core promises of digital securities – simply, compliant, and efficient transferability on a global scale."
See also: Securitize Opens IRAs to Digital Securities Investors With Partnership
Instant Access was built with the team behind AirSwap, the Ethereum p2p network, which previously helped Securitize facilitate the first U.S. compliant security token transfer in November 2018.
Under the hood, the new offering works in pretty much the same way. As with AirSwap, Instant Access users communicate with one another off-chain. A seller expresses their intent to sell privately to prospective buyers by sharing a web link via text, email, or social media. The buyer then clicks on the link to initiate the transaction.
A Securitize spokesperson told CoinDesk trades can settle pretty much instantaneously, assuming buyers have already completed all the required KYC/AML checks set out by the security token's issuer.
See also: Sony VC Fund Joins ‘Over $14M’ Funding Round for Digital Asset Platform Securitize
"The feature enables investors in private securities to quickly and easily create compliant peer-to-peer transactions with no counterparty risk," the spokesperson said. "What has typically been a very burdensome and time-consuming process (trading private securities) can now be completed compliantly in seconds with no fees other than the “gas costs” associated with the Ethereum blockchain."
Securitize said Instant Access is live and available for traders as of Thursday.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
HYPE token's 30% surge is a story of crypto-traditional market convergence, treasury firm says
HYPE has surged 30%, outperforming bitcoin, ether and the CoinDesk 20 index by a big margin.
What to know:
- Hyperliquid's HYPE token has surged more than 30% to $33, far outpacing bitcoin, ether and the broader crypto market, as trading activity on the platform accelerates.
- The token rally represents the merging of traditional assets with the crypto world, according to Hyperion DeFi, which is a HYPE treasury company.
- Originally a crypto perpetuals exchange, Hyperliquid has expanded into tokenized trading of equity indices, individual stocks, commodities and major fiat pairs via its HIP-3 upgrade.
Top Stories
