Issuance platform, Securitize, has continued their impressive run of announcements, with the company recently receiving an influx of capital.
While the exact figure was not released, it is believed that SBI Holdings invested a sum totalling seven figures.
This is a strategic investment, as Securitize looks to expand their existing operations within Japan – the nation which SBI calls home.
Securitize receiving and investment from SBI is just the latest in a string of capital being infused into the company. We recently covered similar events, as Securitize built upon their Series A. The following companies are a few of those which saw the potential in Securitize, much like SBI.
- Santander InnoVentures
- MUFG + MUFG Innovation Partners
- Nomura Groups
In a statement provided to CoinDesk, Securitize CEO, Carlos Domingo had the following to say regarding the announcement.
“We’re going to do business there and that involves not only finding customers in Japan, but also localizing the technology and making sure you know the language for the next similar types of integrations that you might be looking at.”
He continued, speaking on the broader adoption of digital securities within traditional finance, by stating,
“I think that the fact that [SBI is] putting their faith and investing in a company like us [is] signifying the move towards more adoption of security tokens.”
SBI Holdings is a branch of SBI Group, which was founded in 1999. Operating out of Tokyo, Japan, SBI Group is banking on a bright future for blockchain, as made evident through, not only the investment discussed today, but strategic partnerships with companies like Ripple.
CEO, Yoshitaka Kitao, currently oversees company operations.
Operating out of the United States, Securitize was founded in 2017. The company has, since, managed to establish themselves as a leader within the digital securities sector, primarily as an issuance platform.
CEO, Carlos Domingo, currently oversees company operations.
In Other News
One of the reasons that Securitize has attained greater adoption than most, is their activity level. We routinely cover news surrounding their actions, as they are constantly facilitating others, in addition to expanding their own operations. The following articles outline a few of these events from recent months.