Securitize Partners with tZero, Open-Sources Its In-House Protocol

Securitize is collaborating with one of the blockchain industry’s biggest security token exchange firms as it open-sources the code behind its in-house protocol.

According to the firm, the Digital Securities (DS) protocol repository is available on Github, as revealed on May 13.

Carlos Domingo, a co-founder and CEO of Securitize, stated that he trusts the technology developed by his team has “proven itself in the marketplace.” According to Domingo, developers will be allowed to make dapps on top of the protocol, providing new opportunities for the market.

“It was important to us that developers had a viable venue to actually make a difference with their code, instead of developing on something that may never see actual use,” he said.

Securitize is also introducing a new version of its platform, which features a control panel that will enable users to easily issue and manage the lifecycle of their tokens, according to the company announcement.

The news comes following another announcement last week when Securitize made public that it had partnered with tZero. Operated by the blockchain subsidiary of Overstock, tZero is a tokenization and trading platform for security tokens. With the new partnership, tZero will now list some tokens by Securitize on its alternative trading system (ATS).

Saum Noursalehi, the CEO of tZero, commented on the partnership, saying that Securitize looked like a good match since it had been “executing well in the space and providing good quality assets.”

Securitize got listed last year at OpenFinance, SharesPost, and AirSwap, which makes tZero the third secondary trading platform for the company.