Token Issuance Firm, Securitize Raises $14 Million in Extended Series A

Wilfred Michael 

Wilfred Michael

News reporter

24 September 2019,
18:28
Token Issuance Firm, Securitize Raises $14 Million in Extended Series A

Digital securities issuance technology provider, Securitize announced in a press release today that it has raised $14 million in an extended Series A round involving investment arms of leading companies in the traditional finance and blockchain industry.

Among the backers who took part in the round, Securitize singled out for praise, the investment arms of three of the world’s largest banks including Banco Santander (Santander InnoVentures), MUFG (MUFG Innovation Partners), and Nomura Holdings.

Other venture capital firms, such as Blockchain Capital, SPiCE VC, and SeedRocket4Founders who participated in Securitize’s initial Series A round reportedly took part in the current fundraising effort. 

There were also investments from Asian venture capital firms, perhaps indicating a “growing appetite” in digital securities from that part of the world. KDDI, Mitsui Fudosan, Kenetic Capital, and Fenbushi Capital were the Asia-based firms that took part in the round.

Speaking in the release, Carlos Domingo, CEO of Securitize, shared his thoughts regarding the just-concluded round which brings their total funding to date at over $30 million.

"Bringing on key strategic investors like Santander InnoVentures, MUFG, and Nomura, as well as leading blockchain investors, validates how transformative digital securities are for traditional financial markets,” Domingo said.

He further added that these investments in Securitize would ensure that the startup continues to drive adoption and innovation with its execution and industry-leading technology.

As noted earlier, Securitize arguably has become one of the industry’s leaders in token issuance and recently issued security tokens representing equity ownership in the popular newsletter business, Curzio Research. The firm also issued tokens for Rise Wealth Technologies, a German company seeking to raise $120 million from selling tokens that give users access to profits that it makes from its AI-based trading algorithms platform.

 

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