Sep 10, 2019
San Francisco, CA —
Securitize, a platform delivering trusted global solutions for compliant digital securities, has partnered with Algorand to support Securitize’s DS Protocol on the recently launched Algorand blockchain. Securitize’s platform-agnostic DS Protocol will now support Algorand, giving issuers using Securitize an additional high-performance platform option for issuing, trading, and performing corporate actions using digital securities.
Algorand utilizes a pure proof-of-stake protocol delivering decentralization, scalability, and security, making it ideally suited for issuing and managing digital securities. Both Algorand and Securitize believe all paper securities will be converted to digital securities running on blockchain technology in the near future. Both organizations will be collaborating to advance existing tools and services for the digital securities industry.
In an announcement earlier this month, Securitize was also named as one of the initial portfolio of category-leading businesses that will receive funding from the recently closed $200million USD VC fund of Algo Capital, the financial institution focused on accelerating access, adoption, and liquidity of the Algo.
Founded by cryptography pioneer and Turing award winner Silvio Micali, Algorand is an open-source software company building technical innovation for the borderless economy with a platform that delivers decentralization, scalability, and security. Algorand’s first-of-its-kind, permissionless, pure proof-of-stake protocol supports the scale, open participation, and transaction finality needed by users to build opportunity and fulfill the promise of blockchain technology. For more information, visit https://www.algorand.com/.
Securitize delivers trusted global solutions for creating compliant digital securities. The Securitize compliance platform and protocol provide a proven, full-stack solution for issuing and managing digital securities (security tokens). Securitize’s innovative DS Protocol has the highest adoption rate in the industry and enables seamless, fully compliant trading across multiple markets simultaneously. Multiple Securitize powered digital securities are already trading globally on public marketplaces with many more in the pipeline.