A enterprise capital fund underneath the administration of Sony Monetary Ventures (SFV) and Japan-based VC agency World Mind has invested an undisclosed quantity in safety token issuance platform Securitize.
Asserting the information in a press launch Tuesday, San Francisco-based Securitize stated the “strategic fundraise” got here through company VC fund SFV GB L.P. as an extension of the agency’s ongoing Sequence A spherical.
Securitize beforehand introduced that the spherical had raised $14 million again in September 2019, when MUFG Innovation Companions, Santander InnoVentures and others invested. And, in November, Japanese monetary companies firm SBI Holdings joined with sum of a minimum of one million, Securitize CEO and co-founder Carlos Domingo advised CoinDesk on the time.
The agency has not up to date the funding raised so far, merely saying that it is now raised “greater than $14 million.”
Commenting on its newest backer, Domingo stated: “The [Sony] funding validates Securitize as one of the crucial essential architects of digital capital markets whereas including one other marquee title to a rising listing of corporations who’re investing in digital securities as the way forward for international capital markets.”
Securitize is regulated by U.S. Securities and Alternate Fee as a switch agent and official keeper of information on modifications of securities possession. The agency goals to modernize the normal capital markets by permitting establishments to concern and handle tokenized property reminiscent of equities, fund stakes, mounted earnings, and actual property. The agency has constructed a protocol that permits administration of secondary buying and selling and company actions.
Sony Monetary Ventures invests corporations engaged on revolutionary applied sciences reminiscent of synthetic intelligence and machine studying, robotics, loT and visualization.
“Securitize is expertly leveraging blockchain expertise to create a brand new asset class with astonishing skills,” stated Junji Nakamura, director and member of the board of SFV. “We at Sony Monetary Group are excited to tackle this problem with Securitize and create new worth collectively.”
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