Santander leads $14 million round in digital securities platform Securitize

Securitize, a blockchain-based digital securities platform, raised $14 million in its latest funding round. The company secured investments from some of the biggest financial institutions in the world, including Santander and MUFG.

Securitize completes $14 million investment round

A regulated platform for issuing tokens on the blockchain, Securitize, has completed its latest funding round, raising $14 million from some of the most notable financial institutions in the world.

According to the company’s press release, the fundraising is an extension of its Series A funding found which raised over $12.7 million in November 2019. The latest round brings the company’s total financing to over $30 million, it said in the release.

While existing Series A investors Blockchain Capital, SPiCE VC, and SeedRocket4Founders also participated in the round, the company got the backing of three of the world’s largest banks.

Banco Santander led the round through its venture capital arm called Santander InnoVEntures, while MUFG’s participated through its wholly-owned corporate venture capital subsidiary MUFG Innovation Partners. Japanese investment group Nomura Holdings also joined the round.

Carlos Domingo, the co-founder and CEO of Securitize, said that having the support of some of the largest banks in the world validates how transformative digital securities are for traditional financial markets. The CEO believes digital securities will change the investment landscape, telling CryptoSlate:

Digital securities will change the investment landscape as they will make the securities market faster, more efficient, and cost-effective which we believe provides issuers and investors a better overall experience.”

Growing appetite for digital securities in Asia

Most of the investors in Securitize’s latest funding round come from Asia. Japanese telecom company KDDI participated in the round, as did Japanese real-estate developers Mitsui Fudosan, through its innovation arm 31 Ventures. Two major investors came from China—Kenetic Capital, a Hong Kong-based blockchain venture capital firm, and Fenbushi Capital, a venture capital firm focused solely on blockchain.

“The investment round also demonstrates a growing appetite in Asia for digital securities,” Securitize said in its press release.

Other blockchain companies have also participated in the round. Both the Tezos Foundation and Algo VC will use Securitize to digitize securities on the Tezos and Algorand blockchains.

Securitize’s DS Protocol currently has the highest adoption rate in the industry. The protocol, which manages secondary trading and corporate actions for digital securities, has 11 digital securities issued. While only five securities are currently trading on public marketplaces, “dozens more” are in the pipeline, the company said.

Filed Under: , Venture Capital

Priyeshu Garg

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in computer science engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving transportation problems at his company (Ola), he can be found writing about the blockchain or roller skating with his friends.

View author profile

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

The post appeared first on CryptoSlate