San Francisco-based startup Securitize has closed a $12.75 million Series A round led by Blockchain Capital, with notable participation from Coinbase Ventures and Ripple’s Xpring Fund. OKEx’s OK Blockchain Capital, Global Brain and NXTP also participated.
Securitize is a company that assists other firms with tokenizing assets and traditional securities. The startup doesn’t intend to involve itself in trading, but it will instead provide the framework to tokenize companies. That includes developing the token itself, as well as processes like regulatory management, services for investors, smart contacts and more
Carlos Domingo, co-founder and CEO of Securitize, said: “We believe the tokenisation of legacy securities industry is taking place right now on a global scale. To take advantage of this emerging market opportunity, we plan to grow our engineering team and geographic coverage from Latin America to the Asia Pacific Region and other parts of the world for business development.”
