Securitize said Wednesday that it will work with Computershare, the world’s largest transfer agent, on issuing securities in tokenized form, enabling thousands of companies on Wall Street to distribute digital representations of stock on-chain.
Computershare says it currently serves as the transfer agent for 58% of companies that make up the S&P 500, acting as an intermediary between issuing firms and shareholders through functions such as processing changes in share ownership and distributing dividends.
Securitize has issued tokenized assets across more than 15 blockchains, including Ethereum and Solana, and the company is expected to scale ISTs everywhere that issuers want, a person familiar with the agreement told Decrypt.
“Our focus has been to empower U.S.-listed companies to issue tokenized equity while retaining control with confidence over their issued capital,” Computershare CEO of Issuer Services, North America Ann Bowering said in a statement.
Securitize is behind BlackRock’s tokenized money market fund, BUIDL, a product valued at nearly $2.6 billion, according to RWA.xyz. In total, Securitize has distributed $4.3 billion worth of assets on-chain since the company was established in 2017.
