Real-world asset tokenization firm Securitize appointed Michael Sonnenshein, formerly CEO of asset management company Grayscale Investments, as chief operating officer.

“There is massive demand for tokenization, and I am thrilled to join Securitize at such a pivotal moment for the company and the industry,” Sonnenshein said in a Thursday statement. His appointment started on Dec. 9.

Tokenization is a booming sector at the intersection of digital assets and traditional finance. The process involves representing financial instruments like bonds, credit, commodities and other real-world assets on the blockchain in pursuit of operational efficiency, speedier settlements and cheaper transactions.

Securitize is a key service provider and marketplace in the field, with over $1 billion worth of tokenized instruments on its platform. The company jointly manages asset management behemoth BlackRock’s tokenized money market fund BUIDL. BlackRock also invested in Securitize.

“Michael is a trailblazer whose strategic vision and ability to navigate complex regulatory la

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Author: Krisztian Sandor

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