Securitize, a Coinbase-backed token issuance protocol, raised $14 million in a funding spherical led by the enterprise capital (VC) wings of main industrial banks.
The San Francisco-based startup has carried out an extension of its Series A spherical to proceed growing its expertise platform.
According to a press release on Sept. 24, three main investor banks included Santander’s VC arm Santander InnoVentures, Japanese funding group Nomura Holdings and MUFG Innovation Partners, a fully-owned VC subsidiary of Japan’s financial institution holding MUFG.
The new funding spherical brings Securitize’s whole financing as much as $30 million after the corporate secured $12.75 million in a Series A spherical from main blockchain traders together with Coinbase Ventures, Blockchain Capital, Ripple Ventures, Global Brains and NXTP in November 2019.
Other essential traders
The new fundraising additionally included KDDI Open Innovation fund, the enterprise arm of KDDI, one of many largest telecom companies in Japan, in addition to main Hong Kong blockchain VC agency Kenetic Capital, Chinese blockchain-focused Fenbushi Capital and Mitsui Fudosan-backed 31 Ventures, the press launch notes.
Tezos to work with Securitize
The Tezos Foundation and United States-based blockchain VC group Algo VC additionally participated within the spherical. According to the press launch, Tezos and Algo VC plan to cooperate with Securitize for digitizing securities on the Tezos and Algorand blockchains, following the strategic funding.
In August 2019, Securitize registered with the U.S. Securities and Exchange Commission (SEC), claiming that the corporate grew to become the primary SEC-approved switch agent with a working blockchain protocol and energetic securities issuers.
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