Securitize has received approval from Spain’s National Securities Market Commission to operate a regulated tokenized trading and settlement system under the European Union’s DLT Pilot Regime. The authorization, granted Wednesday, positions Securitize as the only company licensed to run tokenization infrastructure in both the United States and the European Union.
The approval allows the firm to build and manage the market infrastructure needed to issue, trade, and settle tokenized securities across the EU. It also links directly to Securitize’s established operations in the U.S., where the company already functions as a broker-dealer, digital transfer agent, fund administrator, and operator of an alternative trading system.
As part of the rollout, Securitize selected Avalanche to power its European trading and settlement platform. The company cited Avalanche’s fast settlement times and network flexibility as important factors for institutional deployment. The first issuance under the new authorization is targeted for early 2026.
This milestone builds on Securitize’s Investment Firm license, granted by the CNMV in late 2024. That earlier license allowed the company to execute orders, hold assets in custody, and act as a digital transfer agent. It has since been passported across several major EU markets, including Germany, France, Italy, Luxembourg, and the Netherlands.
Securitize has become a central player in institutional tokenization, working with firms such as Apollo, BlackRock, Hamilton Lane, and VanEck. The company issues BlackRock’s BUIDL fund, the first onchain Treasurys product to exceed 1 billion dollars in assets. The fund has since grown to more than 4 billion dollars.
The approval comes as Securitize prepares for a public listing through a 1.25 billion dollar SPAC deal backed by Cantor Fitzgerald. With new regulatory clearance in place and a broader European footprint, the firm is positioning itself to help traditional finance move deeper into the tokenization era.
