Securitization has appointed Sunil Sabharwal to its board of directors as the tokenization company moves forward with its expansion plans.
The company said the appointment adds experience in global finance, payments and public policy as tokenized asset platforms gain traction for organizations.
Mr. Sabharwal is a business executive and investor with experience in payments and financial services. From 2016 to 2018, he also served as the Senate-confirmed representative of the United States to the International Monetary Fund.
Securitize CEO Carlos Domingo said Sabharwal brings experience from both the private and public sectors. “Sunil’s career has been defined by building and expanding financial infrastructure on a global level,” Domingo said.
He added that Sabharwal’s background in payments and international finance will support the company’s next phase of growth. Domingo said that tokenization is moving from a concept to a market infrastructure, and Sabharwal’s perspective will help the company scale.
Mr. Sabharwal currently serves on the boards of Toons and Tookitaki. He also previously served as chairman of payments companies Earthport and Ogone, which were later acquired by Visa and Ingenico.
His background includes work in payments, cross-border finance and strategic growth. This track record gives Securitize board members with experience in both financial infrastructure and regulated markets.
Mr. Sabharwal also received the U.S. Treasury Department’s Distinguished Service Award during his official service. He was appointed by former President Barack Obama in 2016 and served primarily from President Donald Trump’s first term until 2018.
According to LinkedIn, he has been working as an advisor and managing partner for Blackstone Growth Equity Fund since 2021. He also previously advised SpiceVC, an early backer of Securitize.
Securitize expands its tokenized asset business
Securitize manages over $4 billion in on-chain assets. Its platform supports tokenized products associated with companies such as BlackRock, Apollo, BNY, Hamilton Lane, KKR, and VanEck.
Among its best-known products is BlackRock’s BUIDL fund. The company has established itself as one of the larger players in the tokenized real-world asset market as financial institutions explore blockchain-based fund structures.
The board appointments come as the company continues to expand its business. It also comes as market participants are focusing on companies offering tokenized versions of traditional financial products.
Listing plan remains a focus
Securitize is also seeking a public market listing through a merger with Cantor Equity Partners II, a company backed by Cantor Fitzgerald. The two companies entered into a definitive acquisition agreement in October.
The deal values Securitize at $1 billion. The combined company will trade on the Nasdaq under the ticker CEPT.
The deal also gives Securitize access to the $240 million raised by CEPT in its initial public offering. This planned listing remains a key part of the company’s growth strategy as it expands its presence in the tokenized finance space.
