Security token issuance platform Securitize has received a strategic investment from Japan-based VC firm Global Brain and Sony Financial Ventures, the firm stated in a press release on 4 February.
According to the announcement, the “strategic fundraise” is an extension of Securitize’s Series A funding round, which back in September saw MUFG Innovation Partners, Santander InnoVentures and others invest $14 million. The amount of the current investment has remained unspecified, with the firm only stating it has now raised “more than $14 million”.
The Co-Founder and CEO of Securitize, Carlos Domingo, remarked:
“The investment validates Securitize as one of the most important architects of digital capital markets while adding another marquee name to a growing list of companies who are investing in digital securities as the future of global capital markets.”
The list of companies who have invested so far include financial giants such as MUFG Innovation Partners, Nomura Holdings, Santander InnoVentures, Blockchain Capital, Coinbase Ventures, and Ripple Xpring.
The goal of Securitize is to modernise the traditional capital markets by “enabling digital securities, making them easier to own, simpler to manage, and faster to trade”. The firm enables institutions to issue and manage tokenised assets, which include equities, fund stakes, fixed income and real estate. The company has also built a protocol, which allows for the management of secondary trading and corporate actions.
Last year the company was also able to register with the U.S. Securities and Exchange Commission to become a transfer agent, enabling it to operate as an official keeper of records about changes of ownership in securities. At the time the firm claimed to be the first transfer agent with a functioning blockchain protocol.