Carlos Domingo and the Rise of Securitize in Tokenized Asset Management
Securitize, co-founded in 2017 by Carlos Domingo, has emerged as a major player in the tokenization of real-world assets (RWA). As of late November 2025, the company managed about $3.6 billion in tokenized assets, with plans to surpass $4 billion by year-end. This growth reflects a roughly 10-fold increase in revenue over the past 18 months, positioning Securitize as a profitable firm pursuing a SPAC merger with Cantor Fitzgerald, aiming for an early-2026 public listing.
The company's journey included a challenging period in 2021, when tokenization fell out of favor. In response, Securitize pivoted in 2018 from a technology provider to a service-oriented platform, obtaining multiple licenses as a U.S. registered transfer agent, broker-dealer, alternative trading system (ATS), investment adviser, and fund administrator, including MG Stover’s unit, to become the largest digital-asset fund administrator.
Securitize's current strategy focuses on being a one-stop shop for asset managers: helping form funds, tokenizing securities on-chain, integrating with blockchains and DeFi platforms, and handling distribution and fund administration, allowing clients to concentrate on asset management. Its backers include BlackRock, Jump Crypto, and ARK Invest. Notably, Securitize played a key role in launching BlackRock’s tokenized fund last year and has expanded its reach across Solana and BNB Chain. It currently supports the largest tokenized U.S. Treasury offering, with approximately a $2.5 billion market cap.
Domingo highlights the use of tokenized RWAs as collateral as a crucial application, collaborating with venues like Binance to enable their use in derivatives and other financial products. This effort aims to enable the movement of high-quality collateral with the speed and availability of crypto markets (24/7) while maintaining traditional financial-grade quality.
Public-market exposure presents pressures; Domingo acknowledges the challenges of being a publicly traded CEO but views the SPAC listing as an important milestone. He believes that crossing the chasm into mainstream adoption requires offering a complete, end-to-end product.
Domingo will continue to enhance Securitize's industry visibility by speaking at Consensus Hong Kong in February and Consensus 2026 in Miami in May, underlining ongoing validation of the company's model.
