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Securitize Extends Series A to $30M in Investments

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$14M Fundraise

In their on-going effort to establish not only themselves, but the digital securities sector as a whole, Securitize has recently raised $14M.

These funds build upon an additional $12.75M which was raised in late 2018 during the company’s Series A, bringing the round to a $30M total.

To date, the funding received by Securitize would appear to have been put to good use, as they have managed to leap in front of the pack of industry players. Whether it be the development of their open source DS-protocol, facilitating DSOs, etc., Securitize remains one of the most promising companies within the sector.

Those Involved

This $14M raise saw participation on behalf of various companies. The following 4 are those highlighted by Securitize in their announcement.

  • Nomura Groups
    • An Asian based financial services group which was founded in 1925
  • MUFG & MUFG Innovation Partners
    • Established over 360 years ago, this Tokyo based financial group employs over 180,000
  • Tezos
    • A decentralized blockchain that is structured as a Proof-of-Stake protocol. Backed by the Tezos Foundation, this project represents their effort to establish the world of blockchain
  • Santander InnoVentures
    • This venture fund is a product of Banco Santander – one of the largest banks in the world. This fund focuses on start-ups involved with advancing FinTech.

Commentary

Representatives from each of the companies involved in this development took the time to voice their reasoning for participation. The following is what each had to say on, both, their actions and belief in Securitize.

Manuel Silva Martínez, Partner and Head of Investment at Santander InnoVentures, stated

“As we bet on companies that are reengineering core pieces of our industry’s infrastructure through blockchain technologies, Securitize is an obvious addition to our portfolio that further enables Santander taking part in the nascent digital securities markets…We are excited to work with Carlos and his team to revolutionize the capital markets industry together.”

Nobutake Suzuki, President & CEO of MUFG Innovation Partners, stated,

“Digital securities are increasingly becoming a leading use case for distributed ledger technologies within the financial services industry. Securitize has emerged as a leading solutions provider within this rapidly growing space…Through our investment in Securitize, MUIP is seeking to establish a strategic relationship and promote further collaboration in the future.”

Hubertus Thonhauser, member of the board of the Tezos Foundation, stated,

“Securitize is a pioneer in on-chain digital securities and has a strong founders team. The Tezos Foundation’s mission is to fund strategically relevant projects and businesses building on Tezos, therefore we see a perfect match.”

Securitize

Founded in 2017, Securitize is a United States based issuance platform. In the time since their launch, Securitize has managed to establish themselves as an industry leader, and are working to advance the digital securities sector. Their efforts have resulted in more than 10 successful DSOs to date, and counting.

CEO, Carlos Domingo, currently oversees company operations. He had the following to say on today’s announcement.

“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.”

In Other News

Today is not the first time that we have discussed events involving Santander. In recent weeks, we touched on their endeavours utilizing blockchain technologies. This saw the bank join select company in using blockchain as a means for bond issuance and settlement.

Santander Completes Fully Digitized $20M Bond Settlement

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

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