| Key Metrics: Regulatory: CNMV/DLT Pilot | Network: Avalanche | Status: First EU + US Licensed (Source: The Block, Feb 2026) |
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Context
The milestone positions Securitize as the only company globally licensed to run regulated digital securities infrastructure across both the United States and the European Union, creating a direct bridge between the world's two largest capital markets. The approval comes after four years of regulatory work involving the CNMV, ESMA, Bank of Spain, and European Central Bank.
Securitize has previously partnered with BlackRock to tokenize real-world assets, including the BUIDL fund that now holds over $2.2 billion in assets according to rwa.xyz data, making it the largest tokenized Treasury fund.
Details
Regulatory FrameworkSecuritize received approval under the EU's DLT Pilot Regime, a regulatory sandbox designed to test distributed ledger technology for securities trading and settlement. The company previously obtained an Investment Firm license from CNMV in December 2024, which has since been passported across major EU jurisdictions including Germany, France, Italy, Luxembourg, and the Netherlands.
Avalanche SelectionSecuritize selected Avalanche for its European trading and settlement system, citing the network's near-instant settlement and configurable architecture for institutional use. The first issuance under the EU system is expected in early 2026.
Global PositioningWith licenses in both the US and EU, Securitize can facilitate cross-border tokenized securities transactions between the two largest capital markets globally. This capability positions the company to capture demand from institutional investors seeking unified infrastructure for digital assets.
What This Means for Investors
- Securitize's dual licensing enables access to tokenized securities across US and EU markets through a single platform, reducing operational complexity for institutional portfolios.
- Avalanche's selection as infrastructure suggests institutional demand for high-throughput, low-latency blockchain networks capable of supporting traditional finance transaction volumes.
- The EU approval validates tokenized securities as a regulated asset class in Europe, potentially accelerating institutional adoption under MiCA framework.
Risk Considerations: Cross-border tokenized securities involve regulatory complexity across jurisdictions. Settlement finality and custody arrangements may differ between US and EU operations. Smart contract and network risks apply.
Data: The Block, CNMV filings, Securitize announcement (Feb 2026)