Odaily Planet Daily reports that Securitize has announced the appointment of investor, Blackstone advisor, and former International Monetary Fund (IMF) Board member Sunil Sabharwal to its board. Sunil Sabharwal served as the U.S. representative to the IMF, confirmed by the U.S. Senate, from 2016 to 2018, for which he received the U.S. Department of the Treasury’s Distinguished Service Award. He currently serves on the boards of Thunes and TookiTaki, and previously chaired payment companies Earthport and Ogone, both of which were acquired by Visa and Ingenico, respectively. Since 2021, he has served as an advisor and operating partner for the Blackstone Growth Equity Fund.
Securitize currently manages over $4 billion in on-chain assets, including tokenized products from institutions such as BlackRock’s BUIDL fund, Apollo, BNY, Hamilton Lane, KKR, and VanEck. The company entered into an acquisition agreement last October with a subsidiary of Cantor Fitzgerald, valuing Securitize at $1 billion; the combined entity will trade on Nasdaq under the ticker symbol CEPT.