Securitize Capital, a subsidiary of tokenized asset platform Securitize, has registered with the US Securities and Exchange Commission (SEC) as an investment adviser, the company said Monday. The registration allows Securitize to expand its regulated investment advisory business for institutional clients.

The new status adds investment advisory capabilities to Securitize’s existing regulated operations. Those businesses include an SEC-registered broker-dealer, an alternative trading system, a transfer agent and fund administration services. For firms building tokenized funds and other real-world asset products, that combination of regulated functions can be important because issuance, trading, investor servicing and advisory work often sit across separate regulatory frameworks.

Securitize CEO Carlos Domingo said the registration strengthens the company’s ability to help institutions develop and manage investment strategies for onchain capital markets.

Before the registration, Securitize Capital operated as an exempt reporting adviser. As a registered investment adviser, it is now subject to additional disclosure, compliance, recordkeeping and examination requirements under the Investment Advisers Act.

Securitize is the largest tokenization platform by onchain asset value, with about $4.8 billion in tokenized assets across funds from BlackRock, Apollo, KKR, VanEck, Hamilton Lane and other asset managers, according to RWA.xyz. Tokenization refers to representing assets such as fund interests on blockchain rails, a market segment that has drawn interest from asset managers seeking faster settlement, broader distribution channels and more automated administration.

The company began trading on the New York Stock Exchange under the ticker SECZ on July 2 after completing a merger with Cantor Equity Partners II, according to a Securitize announcement:

Shares have since fallen about 46% from their first-day closing price.