Securitize, a globally accessible solution for developing compliant, blockchain-based digital securities, has reportedly completed another strategic fundraise in order to further develop its technology platform to “modernize the legacy securities industry.”
The latest investment comes from SBI Investment, a subsidiary of Tokyo-listed SBI Holdings, Inc., which is Japan’s largest conglomerate of internet-based financial services. The amount invested by SBI Holdings has not been shared publicly.
As explained in a press release shared with Crowdfund Insider:
“Securitize enables the compliant trading of private securities on public blockchains and multiple exchanges. Its DS Protocol, which compliantly manages secondary trading and corporate actions for digital securities, is [reportedly] a proven, full-stack technology solution with [one of] the highest adoption rates in the industry.”
Carlos Domingo, co-founder and CEO at Securitize, stated:
“Japan’s economic strength, digital society, and advanced regulatory environment make it an attractive market for tokenization – and SBI [aims to] playing a leading role in this movement as a founding member of the Japan Security Token Offering Association (JSTOA).”
Yoshitaka Kitao, representative director, president and CEO at SBI Holdings, Inc,. noted:
“The SBI Group strongly believes in the future of digital securities. Securitize is a leading player in this industry and we look forward to fully supporting them in the future.”
Tokenization via blockchain has the potential to transform how people transact with securities. Tokenizing assets through DLT could also change how these financial instruments function in capital markets.
Securitize has previously acquired strategic investments from various Japanese entities including MUFG Innovation Partners, Nomura Holdings, KDDI Open Innovation Fund (KDDI’s corporate venture arm), 31 Ventures (Mitsui Fudosan’s innovation arm) and Global Brain.
Securitize has also received funding from several blockchain investors such as Blockchain Capital, Xpring (Ripple’s innovation arm) and Coinbase Ventures.