# Securitize CEO Says Ad Against Third-Party Tokenized Shares May Aid Regulated Firms

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/42519
Published: 2026-10-28T10:50:46.000Z
Updated: 2026-10-28T10:50:46.000Z
Section: Regulation

> A Sept. 17 SEC order requires covered venues to notify issuers in writing and wait at least 30 calendar days before trading certain third-party tokens.

Securitize CEO Carlos Domingo said an ad urging public companies to object to third-party tokenized shares could help regulated U.S. firms by conflating how tokens are structured with where they trade.

The Common Sense Leadership Fund sponsored the full-page ad in the Oct. 24-25 weekend edition. Its headline read, “Your stock. Their tokens. Your problem.” The ad called on public company CEOs to object to shares tokenized by outside parties, citing possible price gaps, questions about ownership and cybersecurity risks.

Domingo called the message misleading in an Oct. 26 post. “This ad is misleading; it mixes tokenization with how it is done and where those tokens trade,” he wrote. He argued that the reaction could benefit companies such as Securitize that offer tokenized securities through regulated U.S. venues.

A Sept. 17 SEC order created temporary, conditional exemptions for certain tokenized securities venues and liquidity providers. The exemptions run through Sept. 17, 2031. The order excludes crypto assets that provide synthetic exposure to a stock, including tokenized linked securities and tokenized security-based swaps.

For a stock token created by a party unaffiliated with the issuer, a covered venue must send the company written notice and wait at least 30 calendar days after receipt before trading the token under the exemption. An issuer’s written objection within that period blocks the specific token from trading on that venue. The notice process applies to one token and venue after the issuer receives notice; it does not start a general countdown for all public companies. Here, “third party” means the token creator is not affiliated with the stock’s issuer.

The order also identifies possible challenges in maintaining shareholder records after on-chain transfers and potential price differences between tokens and their underlying shares.

Securitize introduced its Securitize Stocks service on Solana on Oct. 8. Trading runs through the company’s registered broker-dealer platform, and each token is backed one-for-one by an underlying share.