SBI Makes Big Investment in Digital Securities Platform Securitize

Securitize, a San Francisco-based Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term startup, on Tuesday announced an investment sum received from SBI Investment, the asset management subsidiary of Tokyo-listed SBI Holdings.

Though the company did not disclose the exact amount of investment, according to multiple media reports, Securitize received a cheque with seven figures on it.

The new investment came months after the company raised $14 million from the venture capital arm of the three major global banks - Banco Santander, MUFG, and Nomura Holdings.

Per Coindesk, proceeds from the fresh investment will be utilized in building a new office in Japan, which is scheduled for a late-2019 launch.

“We’re going to do business there and that involves not only finding customers in Japan, but also localizing the technology and making sure you know the language for the next similar types of integrations that you might be looking at,” Carlos Domingo, founder and chief executive of Securitize told the crypto-focused publication.

Tokenizing the financial world

Founded in 2018, the San Francisco-headquartered company offers a range of services to help companies create blockchain-based security tokens.

Tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term of securities is viewed as the next major milestone in the financial market, and Asian markets are at the forefront of this. With investment from multiple Japanese financial giants, Securitize is pushing hard to penetrate the lucrative market, making a stronghold in the early stage.

Earlier this month, Securitize was appointed as the sole issuance platform provider for a 22-member blockchain consortium led by MUFJ, which was formed for research and development of standards for security token management.

Meanwhile, SBI is betting big on blockchain technology and partnered with an array of major players in the decade-old industry, including Ripple and R3. It also tied with Ripple to form an entity called SBI Ripple Asia to promote blockchain-based cross-border transfers in the region.