Securitize has received FINRA approval to conduct tokenized securities custody business within the traditional brokerage framework.

CoinFeed reported on May 5 that Securitize, an asset tokenization platform, announced that it has received approval from the Financial Industry Regulatory Authority (FINRA) to expand its proprietary brokerage business through its subsidiary Securitize Market. This approval allows Securitize to conduct tokenized securities custody business within the traditional brokerage framework, perform on-chain atomic swaps and clearing and settlement between tokenized securities and stablecoins, and participate in the primary and secondary issuance, underwriting, and sale of tokenized securities.