Coinbase Backs Security Token Startup’s $12.7 Million Funding Round
Security Token Launches Securitize has announced that it has raised approximately $ 13 million on its A-Series fund Monday as part of its mission to digitize traditional securities products in the block chain.
Carlos Domingo, a co-investor focused on Blockchain Capital, told CoinDesk that it had invested in equity to ensure that the company could acquire a "knowledgeable investor" while preparing to provide a security token for CoinDesk. The company also aims to streamline investor relations, build fluidity and compliance efforts, and maintain capital formation.
Brad Stephens, co-founder and managing partner of Blockchain Capital, will join Securitize's board of directors, Startup said. Coinbase Ventures, Ripple 's Xpring, OKEx' s OK Blockchain Capital, Global Brain and NXTP.
Domingo explained that the company is currently moving about $ 7 trillion into the decentralized securities industry because it has excellent transparency and auditability and can facilitate immediate transactions.
"Tokenization in the legacy securities industry is now on a global scale and we plan to expand our engineering teams and geographic reach from Latin America to Asia Pacific and to other parts of the world for business development to take advantage of these emerging market opportunities. "
The company has already begun issuing digital securities to companies such as 22x, SPiCE VC and Augmate, BCAP security tokens of Blockchain Capital.
The company also noted that its digital protocol, which is based on its protocol, is also being traded on a regulated basis in AirSwap and OpenFinance Network.
Xpring Senior Vice President Ethan Beard said in a statement that the Ripple initiative focuses on tokenized securities.
"Securitize is a great team focused on opening the private securities market with assets that are flexible and easy to trade in compliance with securities exchange regulations," he added.
Carlos Domingo Image courtesy of Securitize
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