The funding round was co-led by leaders of VC and asset management, including Securitize’s largest investor, Blockchain Capital and investment funds managed by Morgan Stanley Tactical Value.
United States, June 22, 2021 /AlexaBlockchain/ – Digital asset securities firm Securitize has raised $48 million in series B funding from new and existing investors to expand its leadership in digital asset securities and in the digitization of private capital markets.
Founded in 2017, Securitize is the leader in digital asset securities, bringing together businesses seeking to raise capital with individuals and institutions seeking to invest in the private capital markets. To bring investors and opportunities together, Securitize has pioneered a fully-digital, regulatory compliant, end-to-end platform for issuing digital asset securities, managing them and facilitating their trading to provide liquidity.
The convergence of venture capital and asset management signals a consensus on the future adoption of digital asset securities and this technology continuing to grow. The raise also comes before the anticipated launch of Securitize Markets, a marketplace designed for the trading of digital asset securities, providing a path to liquidity for the private capital markets.
Securitize Series B Funding
The funding round was co-led by leaders of 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 round also included strong interest from existing investors wishing to increase their investments in Securitize, with Blockchain Ventures, Borderless Capital, Global Brain, Mouro Capital, Ripio, Ripple and SPiCE VC ultimately joining. With this raise, Securitize is also the first blockchain company to receive major institutional funding from North America, Europe and the Asia-Pacific region.
Of note, participants in this Series B investment round–as well as previous and existing Securitize investors–will receive their shares in the form of digital asset securities issued by Securitize’s platform. These investors in Securitize will then join the community of over 300,000 verified investors on Securitize’s platform who have, in just four years, supported over 150 companies.
Building upon this successful capital raise, Securitize will add Pedro Teixeira, Co-Head of Morgan Stanley Tactical Value, to its Board of Directors, where he will join Securitize co-founder and CEO Carlos Domingo, Securitize co-founder and President Jamie Finn, SPiCE VC co-founder and Managing Partner Tal Elyashiv, and Blockchain Capital co-founder and Managing Partner Brad Stephens.
The successful Series B raise builds upon Securitize’s recent launch of an asset management subsidiary, Securitize Capital, and its two inaugural cryptocurrency yield funds. The round also follows Securitize enabling digital wallet company Exodus to raise a record $75 million in Reg A+ compliant Series A funding, and a build-out of new executive hires across sales, marketing, operations, and legal/compliance.