Token Platform Securitize Raises $12.7M USD In Funding Led by Blockchain Capital
Securitize, a cloud platform that enables clients to issue security tokens, has raised $12.7 million in a Series A funding round led by Blockchain Capital. Other investors include Coinbase Ventures, Ripple’s Xpring, OKEx, Global Brain and NXTP.
Securitize is a full stack technology and services platform with features and specialized tools for both investors and issuers. Securitize’s Digital Securities Protocol enables seamless, fully compliant trading across multiple markets simultaneously. The company is heavily invested in the overall security token space and actively partners with exchanges, broker-dealers, custodians of crypto, escrow services, and other financial infrastructure for security tokens.
The latest funding comes ahead of Securitize’s plans to launch a “Digital Security Offering” (DSO) in 2019. It will help bring on “knowledgeable investors” as the company prepares for the launch of the DSO.
“We’re very excited to have assembled such a highly experienced and credible group of strategic partners,” said Carlos Domingo, Co-Founder and CEO of Securitize. “Not only will they provide support for Securitize as we continue to execute at the highest level of our industry, but they will also be instrumental as we prepare to tokenize Securitize for our Digital Securities Offering.”
As part of its investment, Blockchain Capital co-founder and managing partner will be joining Securitize’s Board of Directors. Blockchain Capital is a venture capital firm focused exclusively on the blockchain technology sector and crypto ecosystem. Last year, the company raised a portion of its VC fund ($10 million) by issuing a blockchain token (BCAP).
“Securitize’s real-time compliance solution solved a critical need for our BCAP security token,” said Stephens. “I am excited to be both a client and an investor, and help them lead the emergence of the security token industry.”
Global Brain, a Tokyo-based venture capital firm, will help Securitize expand in Japan and assist with business development and marketing efforts in Asia.
“In our view, Securitize’s end-to-end digital securities issuance and compliance platform will play a key role in the development of the security token market,” said Yasuhiko Yurimoto, CEO of Global Brain. “We are excited to work with Securitize to set up a presence in Japan and leverage its network to assist the company in penetrating the Japan/Asia market.”
Domingo said the company’s ultimate goal is to transition the $7 trillion securities industry to decentralized ledgers which will help bring more transparency and facilitate instantaneous transactions.
“With new digital security exchanges and marketplaces coming online and a wide variety of digital securities to be traded in a compliant way on a global scale, the opportunities for investors will be unlike anything seen before in the asset-backed securities markets,” said Domingo.
