Securitize Makes Its Core Protocol Open Source

Securitize Makes Its Core Protocol Open Source

Security token platform Securitize is making their core protocol open source. The Digital Securities (DS) Protocol is intended for digital securities and will now be more accessible. 

Securitize is opening up their technology for the public to use more easily. In a recent announce, the security token platform said that it is making its own token standard, called the Digital Securities (DS) Protocol, open source. Currently, the DS Protocol is used by the likes of tZERO and other major security token projects.

Recently, Securitize launched the 3rd installment of its platform (3.0) which features many new options. For example, issuers can more easily moderate and manage the lifecycle of their digital securities. So far, the platform has been responsible for some $135M worth of digital securities. Major players involved with Securitize include Blockchain Capital, SPiCE VC, and Science Blockchain.

Carlos Domingo, CEO of Securitize said that the decision was easy. It was all about adoption.

“We decided to open source the DS Protocol only after proving it works in real-world applications with real customers tokenizing multiple actual securities. The DS Protocol is now ready for developers to begin creating innovative applications for digital securities and to join us in shaping the future of capital markets.”

Last year, Coinbase and Ripple both announced they were investing in Securitize to tokenize “$7T worth” of securities.  Since then, Securitize has expanded significantly, even launching a new business-side to its management proceedings.

Do you believe the DS Protocol can become a security token standard for the industry? Let us know your thoughts below. 

Image courtesy of Securitize.