Securitize, a regulated token issuance technology firm, has recently raised millions from the three largest financial companies including a venture arm of Ripple partner Santander InnoVenture.
Total Funding of Securitize Now Counts Over $30 million
In a press release shared on Tuesday (today) revealed that Ripple’s key partner Santander‘s InnoVentures, Mitsubishi UFJ Financial Group (MUFG) Innovation Partners, and Nomura Holdings are three major companies that back Securitize. Accordingly, the firm has raised $14 million in Series A round, marking $30 million as the total funding amount the company has received till date.
In its essence, Securitize is a compliance platform for tokenized securities, meaning that it provides compliance services to digital securities. The recent funding amount will help spruce up its technology partner to modernize the legacy securities industry further. Moreover, it is proudly a US SEC approved firm that performs securities compliance activities as a transfer agent.
Carlos Domingo, co-founder, and CEO of Securitize appreciated the interest of Ripple partner Santander and other giant financial companies in Securitize, and said that;
“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. Their investment in Securitize ensures that we can continue to drive adoption and innovation with our execution and industry-leading technology.”
Other investors that participated in its funding round were Mitsui Fudosan, KDDI, Kenetic Capital, and Fenbushi Capital. Also, the existing series A investors, including Blockchain Capital, SPiCE VC, and SeedRocket4Founders have participated.
US Firm Securitize Aims to Revolutionize the Capital Market Industry
Digital securities have been on the top bulletins from quite some time now, especially with the growing awareness of digital currencies. Securitize, with its way forward-thinking is helping companies in their digital securities with the compliance procedures to enter into the market with the set procedures in place.
As Nobutaka Suzuki, president and CEO, MUFG Innovation Partner said, the presence of Securitize has seen as the leading solutions provider in a world where digital securities have emerged as the prominent use case in a financial services industry. In his continuous note, he adds that;
“Through our investment in Securitize, MUIP is seeking to establish a strategic relationship and promote further collaboration in the future,” he added.
Echoing the similar concern, the key Ripple partner Santander’s InnoVentures’ head of Investments Manuel Silva Martinez says, they‘re excited to work with the team of Securitize with a collective aim of “revolutionizing the capital markets industry.
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