Brett W. Redfearn
Verified account Securitize@Observatory13
President of Securitize; Founder PFMA; Formerly: Coinbase Head of Capital Markets; SEC Director of Trading & Markets; JP Morgan, Global Head of Market Structure
343 Following 2.7K Followers 226 Posts
Latest posts 5
This is a wonky but important issue. As we think about tokenized security entitlements and the opportunity for issuer-sponsored (native) tokenization, it’s worth remembering that most investors aren’t the registered holder of their own shares. Cede & Co. is. That’s as true for stock held at your brokerage firm as it is for tokenized entitlements.
DTC’s proposed DRS upgrade, which aims to cut the time to move shares out of DTC into direct registration from days to minutes, is the right first move. Now let’s make it seamless: one step from a DTC token to a directly registered token, published processing times, and the same speed coming back to street name. That’s how tokenized models, DTC’s and issuer-sponsored, compete on their merits, and how investors get to move freely between them.
Nice work @SecuritizeBilly
DTC’s proposed DRS upgrade, which aims to cut the time to move shares out of DTC into direct registration from days to minutes, is the right first move. Now let’s make it seamless: one step from a DTC token to a directly registered token, published processing times, and the same speed coming back to street name. That’s how tokenized models, DTC’s and issuer-sponsored, compete on their merits, and how investors get to move freely between them.
Nice work @SecuritizeBilly
If you own a share of stock today via a broker-dealer, you're probably not on the company's books. Cede & Co., which is owned by DTC, is.View quoted post on X
Yesterday, Securitize submitted a comment letter to the SEC on DTC's proposal to modernize the Direct Registration System (DRS), the process for moving shares from Cede & Co. to the transfer agent's books and records, and we strongly support it.
DTC wants to cut the time it takes to move shares via DRS into an investor's own name from days to minutes. That matters a lot for tokenization. It's the on-ramp to issuer-sponsored tokens, where the investor is the registered owner of the real security, on-chain. Not an IOU.
In our letter, we asked DTC to take it one step further: let investors move from a DTC token into a directly registered token in a single step. We also asked for published processing times and the same speed in both directions.
Do that, and moving between street name and a directly registered token becomes even faster and simpler, in both directions. Tokenization works best when investors can do so without friction.
Great work by @SecuritizeBilly and our team. Letter below
sec.gov/comments/SR-DT…
It was a pleasure to join @STA_National and a great set of panelists for another topical and lively discussion on the promise of tokenization for U.S. (and global) Capital markets. The opportunities ahead of us are astronomical, and as much as we’ve seen happen so far, we’re still just getting this party started.
"It's still early days but we're just scratching the surface on the use cases that will be enabled.
Brett Redfearn, President at Securitize, on what lies ahead for tokenization this morning at our 93rd Annual STA Market Structure Conference.
#STA2026DCView quoted post on X
The @SECGov's Innovation Exemption provides an opportunity for innovation, a chance to try and evaluate a new type of market, a scoped attempt to allow tokenized equities to be transferred in a less regulated perimeter with substantial guardrails and caps in both volume and securities, a venue that should not risk disruption to price formation in traditional markets. It has xero chance of fully replacing central limit order books and exchanges, but some chance of offering something useful to another type of onchain investor. I look forward to this discussion.
What could the #SEC Innovation Exemption mean for tokenized markets? Brett Redfearn (@Observatory13), President of @Securitize, joins us on November 2 to explore that question at CTM’s 2026 Tokenized Fund Roundtable.
See the agenda, speakers & register: coalitionfortokenizedmarkets.org/tokenized-fund…View quoted post on X
It’s been a long day, a great day, and another big step forward towards realizing the possibilities for bringing traditional financial markets onchain. @jserna explains what we just launched very well in this thread. @carlosdomingo has been driving hard towards this vision now for over 8 years. And the amazing, super hard working team at @Securitize will keep taking this product to higher levels, as the promise for tokenization is still only beginning to be widely understood.
1/ Tokenizing a stock is easy. Tokenizing it properly is hard.View quoted post on X
We already started with our own stock, $SECZ, bringing it onchain.
Today @Securitize is launching Securitize Stocks, bringing public U.S. equities onchain through a model we've been working on for a long time.
And the interesting part isn't the list of tickers. It's the architecture.
🧵
x.com/Securitize/sta…
