In what could be considered a milestone for the emerging securities tokenization ecosystem, Tokeny, a startup that offers a platform for converting assets into digital securities has made the 7th list of top 50 Fintech startups in Europe.
The prestigious Fintech 50, curates a list of hundreds of financial technology companies in the continent while leaders of Fintech hubs and other established tech firms such Mastercard, Barclays UK Ventures and a host of others make a final decision.
Notably, Tokeny's inclusion in the list equally emphasizes a growing interest in tokenized securities, a concept that barely existed until the emergence of blockchain technology via Bitcoin roughly a decade ago.
Commenting on the criteria used to select this year's Fintech 50, Founding Director Julie Lake said in a release:
“This year’s 50 are meeting the demands of wider social, environmental and economic trends – the subscription economy, sustainable investing, financial wellbeing – as well as continuing to transform traditional financial services for the benefit of their customers.”
Meanwhile, the inclusion also continues a string of exciting times for Tokeny, augmenting a €5 Million ($5.4 million) funding that it received in July from securities exchange, Euronext.
In another development about security token platforms receiving funding, Stmarket.co reported earlier this week that Securitize raised $14 million in an extended Series A round involving investment arms of leading companies in the traditional finance and blockchain industry.
As a show of faith in the emerging space, investment arms of three of the world’s largest banks including Banco Santander (Santander InnoVentures), MUFG (MUFG Innovation Partners), and Nomura Holdings took part in that funding round.