Securitize has become the first firm to receive FINRA approval to both custody tokenized securities and underwrite on-chain initial public offerings and secondary market transactions. This regulatory milestone creates a FINRA-supervised framework for tokenized securities that was previously unavailable, providing institutional counterparties with a compliant pathway to hold and trade tokenized assets through a registered intermediary.
For Armada's crypto repo desk, Securitize-custodied tokenized securities now have a clearer regulatory pedigree, making them more viable as collateral in repo transactions with regulated counterparties such as asset managers and banks. This expands the potential collateral universe beyond BTC, ETH, SOL, and HYPE into structured tokenized equity and debt instruments. Armada's legal and collateral teams should assess haircut frameworks and eligibility standards for this new asset class ahead of expected counterparty inquiries.