Securitize a compliant token issuance platform has recently raised $14 million in a funding round led by the venture capital wings of major commercial banks.
The San Francisco-based startup has conducted an extension of its Series A round to continue developing its technology platform.
Securitize announced on a press release on Sept. 24, stating that three major investor banks including Santander’s VC arm Santander InnoVentures, Japanese investment group Nomura Holdings and MUFG Innovation Partners, a fully-owned VC subsidiary of Japan’s bank holding MUFG.
Carlos Domingo (Co-Founder and CEO of Securitize) commented on the recent announcement:
“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,”
Moreover, the Series A extension round brings Securitize’s total financing up to $30 million. Securitize have already secured $12.75 million in a Series A round from major blockchain investors including Coinbase Ventures, Blockchain Capital, Ripple Ventures, BnkToTheFuture.com, and others in November 2018.
More high profile investors
KDDI Open Innovation Fund is also an investor on the recent fundraising round which is the venture arm of KDDI, one of the largest telecom firms in Japan. Kenetic Capital which is a Hong Kong blockchain VC firm has also participated in this round, Chinese blockchain-focused Fenbushi Capital, and Mitsui Fudosan, as per the press release.
image from Securitize.io