Securitize Capital registers as SEC investment adviser, broadening its regulated stack

Securitize‘s subsidiary Securitize Capital has registered with the US Securities and Exchange Commission (SEC) as an investment adviser, adding a new regulated licence to a stack that already includes a broker-dealer, alternative trading system, transfer agent, and fund administration services. The firm, which recently listed on the New York Stock Exchange under the ticker SECZ, already works with BlackRock, Apollo, KKR, and VanEck, and issues BlackRock’s BUIDL tokenised money market fund.

The registration arrives at a moment of regulatory flux. SEC Commissioner Hester Peirce said last week that certain crypto vaults and lending strategies could fall under investment adviser rules depending on their structure and management. Curated vaults, which route deposited assets into lending markets and yield-generating strategies automatically, now hold roughly $8.6 billion according to Vaults.fyi, and are expanding beyond decentralised finance into platforms such as Coinbase and Robinhood.

Securitize has already built infrastructure in this direction, including permissioned lending vaults with Euler that allow tokenised assets such as VanEck’s VBILL fund to serve as collateral while preserving investor eligibility requirements. The adviser registration gives the firm a formal basis to engage with asset managers and institutional investors on onchain investment strategies, including tokenised vaults, at a point when regulators are still writing the rules for that category. The firm’s share price is down nearly 40% through July despite the regulatory progress.