Securitize, a Coinbase-backed token issuance protocol, raised $14 million in a funding round led by the venture capital wings of major commercial banks.
The San Francisco-based startup has conducted an extension of its Series A round to continue developing its technology platform.
The Tezos Foundation and United States-based blockchain VC group Algo VC also participated in the round.
According to the press release, Tezos and Algo VC plan to cooperate with Securitize for digitizing securities on the Tezos and Algorand blockchains, following the strategic investment.
In August 2019, Securitize registered with the U.S. Securities and Exchange Commission, claiming that the company became the first SEC-approved transfer agent with a working blockchain protocol and active securities issuers.
Major Banks Santander, MUFG Lead $14M Investment in Securitize
Published on Sep 24, 2019
by Cointele | Published on Coinage
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