Securitize has closed its oversubscribed Series B on $48m, as it looks to release its marketplace for digital asset security trading.
The Series B round was co-led by Blockchain Capital and investment funds managed by Morgan Stanley Tactical Value. Contributions also came from first-time Securitize backers, including Ava Labs, IDC Ventures, Migration Capital, NTT Data and Sumitomo Mitsui Trust Bank.
A number of previous backers also decided to recommit their support to the company, including Borderless Capital, Global Brain, Mouro Capital, Ripio, Ripple and SPiCE VC.
All investors, including existing shareholders, will receive their shares in the form of digital asset securities issued through the platform. Investors will then join the company’s community of 300,000 verified investors.
Funds from the round will be used to support its growth and the launch of its Securitize Markets service, which will offer a marketplace for the trading of digital asset securities.
Securitize claims to be the first blockchain company to have received institutional funding from North America, Europe and the Asia-Pacific region.
Securitize, which was founded in 2017, is a digital asset securities firm, with the aim of making it easier to own, manage and trade the assets.
In line with the deal, Morgan Stanley tactical value co-head Pedro Teixeira will join the company’s board of directors.
Teixeira said, “Our first investment in the blockchain industry is the leading digital asset securities firm, Securitize. Securitize is well-recognized for pioneering the securitization of digital asset securities on the blockchain, and for its fully-compliant and fully-digital end-to-end to solution that enables private companies to raise capital, and for investors to find a path to liquidity.
“We make long-term investments in businesses and asset classes that are ahead of the curve. Our investment in Securitize is a sign that we believe in the growth and adoption of digital asset securities.”
The FinTech company recently launched its asset management subsidiary, Securitize Capital and two cryptocurrency yield funds.
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