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.
Swiss Digital Asset Bank, SEBA, to Raise Nearly $100M
With an eye on rapid growth, Switzerland based digital assets bank, SEBA, have announced their intent to raise upwards of $100M in funding.
This raise represents not the 1st, but the 2nd, $100M round of fund raising for SEBA. Their initial round allowed them to achieve expansion into 10 countries within their first 2 years of operations, in addition to procuring a banking and securities licence from FINMA.
While their growth, thus far, has been quite impressive, the team at SEBA is not satisfied. Their scope of services offered represent only a portion of what they will in the future. Furthermore, while expansion into 10 countries is definitely a positive move, the world is a large place. SEBA, no doubt, has ambitions of continued expansion into the world’s leading markets.
Despite their short time in operation, SEBA has managed to develop, and begin offering, a variety of services to their clients. While not yet live, the company has indicated that a large focus, moving forward, is the development of solutions surrounding digital securities. This means supporting STOs, asset tokenization, and more.
For the time being, the following capabilities are live, and offered by SEBA.
- Institutional grade custody/storage
- Trading services
- Professional wealth management
- Payment gateways
For this particular raise, SEBA CEO, Guido Buhler, took the time to comment on why there is a need for a second round of fund raising. The following is what he had to say on the matter.
“If you want to grow, and we have ambitious plans, we need to have additional capital. I always say were are a universal bank for the new economy.”
What is made clear from this short statement, is that SEBA is not yet satisfied with their current state of growth, and is looking to ramp up expansion even more. It has been indicated that SEBA expects to raise these funds from a variety of sources, including:
- Family offices
- High net-worth individuals
- Financial investors
There hasn’t been a moments rest with regards to SEBA and their expansion. Despite all that they accomplished in year one of operation, year two saw SEBA enter various new markets. Roughly one month ago, the company took the time to speak on their continued expansion. This means that the company can now onboard clients from the following nations in a compliant manner.
- Hong Kong (China)
- United Kingdom
Founded in 2018, SEBA is a young bank which maintains headquarters in Zug ‘Crypto Valley’ Switzerland. While supporting certain traditional banking services, the company has a clear focus on next-gen FinTech – digital assets, in particular.
CEO, Guido Buehler, currently oversees company operations.
iSTOX Builds Upon Recent Successes with a Further $5M in Funding
Capital markets platform, iSTOX, has recently announced the successful attainment of $5 million worth of funding.
This particular sum of capital was generated through a new partnership and investment, with Hanwha Asset Management.
This announcement of further funding comes meres months after the successful completion of the company’s Series A; An event which saw iSTOX draw the attention of various backers which believe in the future of the platform.
Between these two successive instances of funding, iSTOX should be well positioned to continue the development and adoption of their vision; A vision surrounding the potential of digital securities, and their ability to transform capital markets.
To date, iSTOX has managed to attract attention from various high profile companies. The following are a few of these known to have played a role in recent capital generation events surrounding iSTOX.
- Kiatnakin Phatra Financial Group
- Heliconia Capital Management
- Singapore Exchange (SGX)
- Tokai Tokyo Financial Holdings
This grouping of companies is an impressive one, as they represent some of the most influential and progressive ones found in Asian nations.
With regards to the freshly procured $5 million, iSTOX CEO, Danny Toe, took the time to comment. He stated,
“As iSTOX continues to grow, our relationships with partners like Hanwha are allowing us to build a powerful foundation to develop iSTOX into a pioneering service that addresses the evolving needs of 21st century investors…These partnerships will take on an even greater importance in early 2020, when iSTOX transitions into full operational status.”
Founded in 2017, iSTOX not only maintains headquarters, but is regulated within, the nation of Singapore.
CEO, Danny Toe, currently oversees company operations.
Hanwha Asset Management
Founded in 2011, Hanwha Asset Management maintains headquarters in Seoul, South Korea. Since their launch, Hanwha has managed to establish a diverse set of financial offerings, bringing them alongside leaders in the sector.
CEO, Yong Hyun Kim, currently oversees company operations.
In Other News
A successful Series A is an important first step for any company. Not only does this allow for the continued development of a company’s product/service, it indicates that others believe in their vision, as well – at least enough to invest their hard earned money.
US Global Securities to Act as ‘Lead Financial Advisor’ for $50M Raise by Custodial Platform, Koine.
Recognizing the need, and potential, for services surrounding custody of digital assets, Koine has recently announced their intention to host a $50 million equity raise.
The goal of this move is to facilitate, not only global growth, but the expansion of services offered through their platform.
In an effort to ensure their success, Koine has turned to US Capital Global Securities, placing the company on retainer as a ‘lead financial advisor’.
In the past, we have reported on US Capital Global Securities performing similar roles with other companies involved in the digital securities sector. One example of this, was their role as a placement agent in the CityBlock DSO.
While their suite of services offered will surely grow in time, Koine notes the following current capabilities:
- Custody of Digital Assets
- Real-time Settlement
- FIAT storage and payment gateways
- Online Access & API Connectivity
Upon announcing their partnership, representatives from each, US Capital Global and Koine, took the time to comment. The following is what each had to say on the matter.
Hugh Hughes, CEO of Koine, stated,
“Market reaction to Koine’s scalable, institutional-class solution for custody and settlement has been immensely favorable. As we enter 2020, we are focused on driving and supporting international participation in the digital assets marketplace with our applications for regulatory licenses in other trusted jurisdictions, in line with our aim to become the most highly-regulated solution for custody and settlement of digital assets globally…US Capital Global’s proven experience and valuable insight into capital formation, especially in the FinTech arena, will be tremendously beneficial to us at this crucial time in Koine’s development.”
Charles Towle, CEO of US Capital Global Securities, stated,
“It’s an honor to serve Koine as its placement agent and lead financial advisor for this upcoming investment opportunity as we engage selected dealers to expand the distribution of this offering. Koine is driven by an expansive, forward-thinking vision of the digital assets market that we at US Capital Global find very exciting.”
US Capital Global
In operation since 1998, US Capital Global is a well-known financial group, which is headquartered in San Francisco. One of the company’s affiliates is US Capital Global Securities – a broker/dealer licensed under FINRA.
CEO, Charles Towle, currently oversees operations of US Capital Global Securities.
Founded in 2017, Koine maintains headquarters in London, England. Above all, the company is working on the continued development of their suite of services, meant to solve custody and compliance issues within digital securities.
CEO, Hugh Hughes, currently oversees company operations.
As recently as yesterday, we were reporting on developments pertaining to custody solutions in the sector. With rising institutional interest in digital securities, and blockchain as a whole, these custody based solutions are imperative for ensuring a bright future.
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