ICYMI - @Securitize spent nine years building what a new entrant would have to rent, acquire, or skip. Led by @Observatory13 and @carlosdomingo, Securitize built a moat. A tokenization stack of SEC-registered subsidiaries bringing financial assets onchain: > Securitize Markets, LLC: An SEC-registered broker-dealer that runs an alternative trading system (ATS), matching buyers and sellers of securities outside traditional exchanges. > Securitize Transfer Agent, LLC: An SEC-registered transfer agent since 2019, maintaining the official record of who owns each tokenized security. > Securitize Capital, LLC: Approved as an SEC-registered investment adviser (RIA) in July 2026, offering advisory services and structuring tokenized investment products. > Securitize Fund Services, LLC: Provides fund administration and digital asset reporting services for 663 funds and $24.3B in assets under administration (AUA). This stack lets @BlackRock, @vaneck_us, and @apolloglobal bring funds onchain without building in-house infrastructure. Securitize is registered to tokenize what is projected to become a multi-trillion-dollar industry in the 2030s. If tokenized share classes and issuer-sponsored tokenized equity become standard, Securitize is positioned to become a default infrastructure option.