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Ex-SEC Exec Takes Helm at Tokenization Firm
10 Apr
Summary
- Brett Redfearn appointed president of tokenization firm Securitize.
- Redfearn previously led SEC's trading and markets division.
- Securitize aims to go public via a $1.25 billion SPAC merger.
Brett Redfearn, who previously directed the Securities and Exchange Commission's division of trading and markets, has been appointed president of Securitize, a firm specializing in tokenization. Redfearn, who left the SEC in January 2021, will now lead strategy and execution in regulation, market structure, and tokenization adoption.
His appointment occurs as the tokenization of securities like stocks and bonds on the blockchain gains significant momentum. Wall Street institutions, including the New York Stock Exchange and Nasdaq, are actively developing their own tokenization platforms.
Redfearn noted a shift from skepticism to aggressive pursuit of tokenization within the financial ecosystem, coinciding with a pro-blockchain stance from the administration. Securitize is preparing for a public offering through a merger with a special-purpose acquisition company, Cantor Fitzgerald, valuing the firm at $1.25 billion.
