Securitize, the tokenization platform that manages funds for BlackRock and Apollo, has joined the Open USD (OUSD) stablecoin network as a Network Partner, adding its name to a partner roster that now counts more than 200 businesses, including Coinbase, Mastercard and BlackRock.

Securitize manages over $4 billion in assets as of mid-2026 and integrates with more than 18 blockchain networks, according to the company. Founded in 2017 by Carlos Domingo and Jamie Finn, the firm built its business on compliance-focused tokenization — converting assets such as fund shares into digital tokens that can move on a blockchain while remaining inside regulatory lines.

Open Standard launched OUSD publicly on September 30, 2026. The stablecoin runs on multiple blockchains, including Ethereum and Solana, and its model departs from the single-issuer structure that dominates the market. Network partners can mint and redeem OUSD without fees and share in the earnings generated by its reserves. A board composed of participating partners governs the stablecoin, meaning the businesses using the network also steer it.

The partner network has grown quickly, expanding from over 140 businesses at launch to more than 200. Neither party has disclosed transaction volumes or the financial structure of the Securitize partnership.

The operational logic

The partnership addresses a structural gap in tokenized finance. A tokenized fund share needs an equally digital instrument to settle against, and a bank wire does not fit that workflow. Stablecoins solve the problem because they live on the same chains as the tokenized assets, allowing purchases and redemptions to settle in one place. For Securitize, pairing its tokenization stack with OUSD's onchain payment rails could let institutions move between tokenized assets and dollars without leaving the blockchain.

Zero-fee minting and redemption carry more weight at institutional scale than in retail. When a fund moves large sums in and out repeatedly, even small per-transaction fees compound into a real cost. Removing them strips that expense from the subscription and redemption cycle.

The revenue-sharing model also differs from industry convention. Most large stablecoin issuers retain reserve income themselves; OUSD passes a portion back to the businesses in its network. That structure gives partners a direct economic stake in the stablecoin's circulation.

The BlackRock overlap

BlackRock's presence on the partner list deserves attention. Securitize already tokenizes funds for the asset manager, so the two firms now overlap in both fund tokenization and inside the OUSD network. That convergence could shorten the path between tokenized BlackRock products and onchain dollar settlement.

The shared governance model cuts both ways. A partner board distributes control and may reassure institutions wary of depending on a single issuer. It also raises familiar coordination questions about how decisions get made when more than 200 businesses with different priorities hold a stake in the outcome.

Scale versus substance

Without disclosed figures on the value moving through the Securitize–OUSD connection, the partnership remains a statement of intent rather than a measurable result. Growing from 140 to more than 200 partners in the months since launch is fast expansion. Converting a long list of logos into real settlement volume is the harder second act, and it will determine whether the cooperative issuance model holds up.

The next test arrives as OUSD's partner board and its newest members begin routing actual institutional flows through the network.