As the demand for blockchain tech continues to surge, the demand for digitizing securities is also growing. For effectively carrying out the digitization of tokens, Securitize, a Coinbase-backed token issuance protocol, recently raised $14 million over its funding rounds.
The funding round was headed by the venture capital arms of many mainstream commercial institutions. In order to boost the development of its technology platform, the San Francisco-based startup carried out an extension of its first funding round. Major participants that participated in the funding round included Santander’s VC arm, Santander InnoVentures, Nomura Holdings (Japanese investment group) and MUFG Innovation Partners.
After raising a significant amount of funds from heavyweights of the blockchain space, Carlos Domingo, Co-Founder and CEO of Securitize, said,
“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.”
Participation from these big-league members highlights the fact that they are realizing the power of securitizing the tokens using the latest technology. This way, the existing movement and functioning of securities can be transformed efficiently. In the current scenario, Securitize’s DS Protocol is designed to manage secondary trading as well as corporate actions for digital securities. Further, Securitize has the highest adoption rate in the industry as it is offering 11 digital securities to its clients.
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