Securitize vs tZERO vs INX vs Vertalo: US Platform Showdown
Four SEC-registered platforms competing for the US digital securities market. Securitize wins on AUM ($4B+), tZERO on trading volume, INX on regulatory breadth. The platform you choose determines your liquidity options.
Apollo Global Management — Tokenized Credit and the Private Wealth Channel
Apollo Global Management, with $733B AUM, is pursuing tokenized credit distribution to access $60 trillion in private wealth currently underallocated to alternatives.
Hamilton Lane — Infrastructure Intelligence for Tokenized Alternatives
Hamilton Lane has raised $150M+ via tokenized fund issuances and estimates that 90% of global wealth currently has zero access to institutional alternatives.
Securitize — America's Dominant Tokenization Platform
Securitize holds over $4B in AUM across tokenized assets, received a $47M strategic investment from BlackRock in 2024, and reported 841% revenue growth in 2025.
Tokenized Fund Shares
Tokenized fund shares represent fractional interests in traditional investment funds recorded on a blockchain — from Franklin Templeton's SEC-registered FOBXX (blockchain as transfer record) to Securitize-distributed PE funds — with $5B+ in US tokenized fund AUM.
Tokenized Private Equity
Tokenized private equity funds from KKR, Apollo, Hamilton Lane, and Ares allow accredited investors to access institutional PE allocations with minimums as low as $10,000 — down from traditional $5 million minimums — via Securitize's platform.
Tokenized REITs
Tokenized REITs (Real Estate Investment Trusts) combine the tax advantages and diversification of traditional REITs with the fractional ownership, programmable distributions, and potential secondary liquidity of blockchain-based securities.
Transfer Agent
A transfer agent is an SEC-registered entity responsible for maintaining the official record of security ownership, processing investor transactions, and managing corporate actions — and in tokenized markets, transfer agents serve as the bridge between blockchain records and regulatory compliance.
Private Equity Tokenization: How KKR, Apollo, and Hamilton Lane Are Opening to New Investors
KKR's Health Care Strategic Growth Fund II and Apollo's Apollo Diversified Credit Securitize products represent the first institutional PE and credit fund tokenizations in US history. Hamilton Lane has tokenized portions of three flagship funds.
Securitize: How One Platform Became the Infrastructure for BlackRock, KKR, and Apollo's Tokenization Strategies
Securitize processes $4B+ in tokenized assets for the world's largest asset managers. Its SEC-registered broker-dealer, ATS, and transfer agent combination creates an integrated compliance stack that competitors cannot easily replicate.