Digital asset securities firm Securitize has acquired Pacific Stock Transfer to provide Pacific Stock Transfer’s clients with access to capital raising, secondary trading, and digitised share management services.
Securitize creates shares in the form of unique digital tokens which are securely recorded in a decentralised blockchain network, enabling businesses to know the ownership of each share, with access to see all trading activity in real-time.
Securitize provides a full suite of capabilities for private companies to raise capital, onboard shareholders, issue both traditional book entry and tokenised shares, service shares throughout their lifecycle, while providing a path to liquidity through secondary market trading.
The digital asset firm also issues and manages the shares of publicly-traded companies traded on the NYSE, NASDAQ or over-the-counter.
As part of the mandate, Pacific Stock Transfer will continue to operate under its current brand. The services it currently provides will continue to be provided by the same team.
Billy Miller, chief operating officer of Pacific Stock Transfer, will lead the business at Securitize.
Commenting on the acquisition, Miller says: “Integration with blockchain-based recordkeeping will enable us to provide significantly better and more efficient service to our clients and their shareholders in the future.”
Carlos Domingo, CEO of Securitize, comments: “This acquisition is a big step forward for Securitize in significantly increasing our ability to introduce new capabilities to more companies, as well as for the financial services industry in general with this major step in building and broadening a ‘blockchain bridge’ from a paper-based past to a digitally native future.”
