Three of the world’s largest banks – Banco Santander, MUFG and Nomura Holdings – have backed San Francisco-based startup, Securitize, which helps firms to tokenize their securities and assets.
Securitize, which offers a range of services to help companies create blockchain-based security tokens, today said it has raised a $14 million in new investment. The new funding round was led by the VC arms of the three banks with participation from existing investors that include Blockchain Capital, SPiCE VC, and SeedRocket4Founders.
The crypto-focused compliance platform, which has now raised nearly $30 million in total funding, intends to use the funds to continue to expand operations.
The move also comes as Securitize is open-sourcing its Digital Securities (DS) Protocol. The company has also launched a new ecosystem, dubbed ‘Securitize Ready Program,’ that helps partners like lawyers, broker-dealers, and advisory firms to integrate its crypto compliance solutions.
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Securitize’s DS Protocol provides an automated compliance platform for security tokens and ensure the whole process, from onboarding to issuance and investor management, is done within regulatory guidelines.
MUIP is seeking to establish a strategic relationship
As the topic of security tokenization has generated buzz in the crypto community, Securitize CEO Carlos Domingo discussed the phenomenon at the Finance Magnates’ Barcelona Trading Conference.
“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,” said Carlos Domingo.
Nobutake Suzuki, President & CEO, MUFG Innovation Partners also noted: “Digital securities are increasingly becoming a leading use case for distributed ledger technologies within the financial services industry. Securitize has emerged as a leading solutions provider within this rapidly growing space. Through our investment in Securitize, MUIP is seeking to establish a strategic relationship and promote further collaboration in the future.”