The firm Securitize has obtained full regulatory approval from the Comisión Nacional del Mercado de Valores (CNMV) to operate the European Union’s first regulated tokenized trading and settlement system — to run on the blockchain Avalanche.
Securitize now stands as the only company authorized to run licensed infrastructure for tokenized securities across both the United States and the European Union. This milestone follows extensive regulatory coordination involving CNMV, the European Securities and Markets Authority (ESMA), the European Central Bank (ECB) — and represents one of the most significant advances yet for blockchain-based finance in Europe.
The European platform will be deployed on Avalanche, selected for its near-instant settlement, high throughput, and configurable architecture — features that suit the demands of regulated markets. By combining the functions of a trading venue and a securities depository in a unified blockchain-based system, Securitize aims to streamline issuance, trading, and settlement of tokenized assets.
A new era for tokenized Securities in Europe
With the new authorization, Securitize can offer a fully regulated framework for issuing, trading, and settling digital securities — including equities, debt, and funds — on-chain across the EU. The firm expects the first tokenized issuances under this EU framework to occur in early 2026.
By linking its European platform with existing infrastructure in the U.S., Securitize creates a direct bridge between the world’s two biggest capital markets, potentially enabling cross-border issuance and trading of tokenized assets under a unified regulatory-compliant framework. This could dramatically expand the market for tokenized securities, paving the way for more institutions to participate in a more efficient, blockchain-native financial ecosystem.
Supporters argue that tokenization could reduce costs, lower settlement risk and make asset transfers faster, more transparent and borderless. If adoption grows, this may mark the beginning of large-scale migration of traditional financial instruments (stocks, bonds, funds) onto blockchain rails — with potentially trillions of dollars reshaped by this transition.
