Coinbase Backed Digital Securities Platform Securitize Gets Investment from SBI

SBI Makes Big Investment in Digital Securities Platform Securitize . The company is also backed by Coinbase, MUFJ, and Nomura.

Coinbase Backed Digital Securities Platform Securitize Gets Investment from SBI
Coinbase Backed Digital Securities Platform Securitize Gets Investment from SBI

Securitize, a San Francisco-based blockchain startup, on Tuesday announced an investment sum received from SBI Investment, the asset management subsidiary of Tokyo-listed SBI Holdings.

Though the company did not disclose the exact amount of investment, according to multiple media reports, Securitize received a cheque with seven figures on it.

The new investment came months after the company raised $14 million from the venture capital arm of the three major global banks – Banco Santander, MUFG, and Nomura Holdings.

Per Coindesk, proceeds from the fresh investment will be utilized in building a new office in Japan, which is scheduled for a late-2019 launch.

We’re going to do business there and that involves not only finding customers in Japan, but also localizing the technology and making sure you know the language for the next similar types of integrations that you might be looking at,” Carlos Domingo, founder and chief executive of Securitize told the crypto-focused publication.

Founded in 2018, the San Francisco-headquartered company offers a range of services to help companies create blockchain-based security tokens.