Securitize: A Breakthrough in Token Issuance
Securitize, that ambitious little startup from San Francisco, just raised a cool $14 million in a Series A extension, and boy, are they riding high! Backed by venture capital wings from major commercial banks, they’re taking the world of token issuance by storm. Who knew poking holes in traditional finance could be this lucrative?
The Investors Behind the Magic
The hefty funding round attracted heavyweights like Santander InnoVentures, Nomura Holdings, and MUFG Innovation Partners. That’s right, it appears that banks are finally getting in on the action—who needs bricks when you can deal in blocks, am I right?
Funding Timeline: A Glimpse at the Past
This latest influx brings Securitize’s total financing to $30 million. Back in November 2018, they raised $12.75 million in their initial Series A round, courtesy of blockchain advocates including Coinbase Ventures and Blockchain Capital. It looks like this token issuance protocol knows how to charm the digital investors!
Not Your Average Joes: Other Investors Join the Party
As if that wasn’t a universe unto itself, KDDI Open Innovation fund also jumped aboard the Securitize spaceship, along with Hong Kong’s own Kenetic Capital and China’s Fenbushi Capital. With such a colorful crew, Securitize must feel like they’re preparing for a multi-dimensional tour of the blockchain universe!
Tezos and Algo VC: Partners in Crime
The excitement doesn’t stop there! The Tezos Foundation and Algo VC are throwing their hats in the ring as well, collaborating with Securitize to digitize securities on the Tezos and Algorand blockchains. If that doesn’t scream “let’s build the future,” I don’t know what does!
Regulations in the Blockchain Arena
In August 2019, Securitize made headlines by registering with the U.S. Securities and Exchange Commission—claiming their spot as the first SEC-approved transfer agent leveraging a functional blockchain protocol. Talk about transparency! It seems they’re not just here to throw around tokens; they also aim to play nice with the regulatory crowd.
The Future Looks Bright
With influential backers and ambitious plans on the horizon, Securitize is not only changing the game but rewriting the entire playbook. Who knows what’s next? Maybe we will end up tokenizing our pets or our breakfast—let’s keep our eyes peeled!
