Securitize, the global solutions company for the issuance and management of digital assets with blockchain created by the former CEO of Telefónica I + D, Carlos Domingo, has closed a financing round of 40 million dollars (about 40 million euros), from new and former investors.
In a statement, the company explains that the capital increase has been co-led by leaders in venture capital and asset management, including Securitize’s largest investor, Blockchain Capital and investment funds managed by Morgan Stanley Tactical Value.
They were joined by new investors, including Ava Labs, IDC Ventures, Migration Capital, NTT Data and Sumitomo Mitsui Trust Bank. The investment round has also sparked interest from existing investors who wanted to increase their investments in Securitize, along with Blockchain Ventures, Borderless Capital, Global Brain, Mouro Capital, Ripio, Ripple, and SPiCE VC. “With this increase, Securitize also becomes the first blockchain company to receive significant institutional funding from North America, Europe, and the Asia-Pacific region,” says the company.
Participants in this Series B funding round, as well as past and existing Securitize investors, will receive their shares in the form of digital asset securities issued by the Securitize platform. These investors in Securitize will join the community of more than 300,000 verified investors on the Securitize platform who, in just four years, have raised capital for more than 150 companies.
Following this new round of funding, Securitize incorporates Pedro Teixeira, co-director of Morgan Stanley Tactical Value to its board of directors, where he will join the co-founder and CEO of Securitize, Carlos Domingo, the co-founder and president of Securitize Jamie Finn, the co-founder and partner SPiCE VC manager, Tal Elyashiv, and Blockchain Capital co-founder and managing partner, Brad Stephens.
With this movement, the company attracts new resources to finance its growth. Thus, this fundraising occurs before the early launch of Securitize Markets, a marketplace where digital asset securities can be traded and where the necessary liquidity is provided to private equity markets. According to the company, the convergence of venture capital and asset management shows the increasing interest of investors for startups that redesign the banking infrastructure and financial assets using blockchain technology.
Founded and led by Carlos Domingo from its headquarters in Miami, Securitize is a digital asset investment fund manager that makes it easy for institutional investors to gain exposure to cryptocurrencies and decentralized finance. Additionally, Securitize notes that it has pioneered creating a fully digital end-to-end platform that is compliant with regulations for issuing, managing, and trading digital asset securities to provide liquidity.
The capital round comes after the recent launch of Securitize Capital that was born from the observation that it is difficult for institutional investors to access an exposure in cryptocurrencies and the returns that are obtained through the blockchain in DeFi strategies. Securitize Capital provides investment vehicles for institutional and accredited investors to access this market.
Securitize has also recently enabled cryptocurrency digital wallet company Exodus’s to raise a record $ 75 million in Series A funds that are Reg A + 1 compliant.