US-based security token developer Securitize raised $14m in a series A extension today from investors including subsidiaries of telecommunications firm KDDI and real estate developer Mitsui Fudosan.
KDDI Open Innovation Fund and 31 Ventures joined Santander InnoVentures and MUFG Innovation Partners – the strategic investment arms of financial services firms Banco Santander and Mitsubishi UFJ – as well as financial holding group Nomura.
Nonprofit organisation Tezos Foundation and Algo VC, blockchain-focused financial services provider Algo Capital’s venture capital fund, have also backed the round.
Blockchain Capital, Spice Venture Capital, SeedRocket4Founders Capital, Kenetic Capital and Fenbushi Capital filled out the round.
Blockchain Capital led a $12.5m first series A tranche in November 2018 which featured cryptocurrency exchange Coinbase and money transfer platform Ripple’s respective corporate venturing arms, Coinbase Ventures and Xpring, as well as Global Brain.
Spun out of Spice VC in 2017, Securitize provides a platform for businesses to manage digital security tokens on the blockchain, such as dividends, token distribution and share buy-backs. Its digital securities protocol allows regulatory compliance, know-your-customer and anti-money laundering checks.
Securitize has raised more than $30m to date.
