The security-token issuance technology provider Securitize raised $48 million following a Series B funding round.
Wall Street and venture capital converged in powering Securitize’s oversubscribed $48 million Series B capital raise, signaling consensus adoption of digital asset securities will continue to grow. https://t.co/z37CZT8Wr3
— Securitize (@Securitize) June 21, 2021
The round was led by Blockchain Capital and Morgan Stanley Tactical Value. Pedro Teixeira, co-head of investments at the latter, will join the startup’s board of directors.
Financing was also provided by Ava Labs, IDC Ventures, Migration Capital, NTT Data, Sumitomo Mitsui Trust Bank (SMTB), Blockchain Ventures, Borderless Capital, Global Brain, Mouro Capital, Ripio, Ripple, and SPiCE VC.
Securitize has developed a platform for asset tokenisation, custody, and trading of security tokens. Together with its subsidiaries, the startup obtained transfer agent and broker-dealer licenses from the SEC, and joined the FINRA.
Teixeira expressed confidence in the development and adoption of blockchain-based digitisation of securities and real estate ownership certificates.
According to a press release, the platform has registered more than 300,000 investors, and more than 150 companies have signaled readiness to conduct STOs.
“The market potential is enormous. We are awaiting regulatory approval of the platform and the app by regulators in the coming months”, — said Securitize CEO Carlos Domingo in an interview with Bloomberg.
Earlier in May, the Exodus wallet team raised $75 million in a regulated token sale on the Securitize platform.
Earlier in March, SMTB and Securitize conducted the first private placement of a similar instrument in Japan in accordance with local law.
In April 2020, the startup rolled out the ability to buy and sell security tokens almost instantly via a web link through the Instant Access service (‘instant access’) using smart contracts.
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