Santander leads $14 million round in digital securities platform Securitize

Securitize, a blockchain-based digital securities platform, raised $14 million in its latest funding round.

The company secured investments from some of the biggest financial institutions in the world, including Santander and MUFG.Securitize completes $14 million investment round.

A regulated platform for issuing tokens on the blockchain, Securitize, has completed its latest funding round, raising $14 million from some of the most notable financial institutions in the world.

The latest round brings the company's total financing to over $30 million, it said in the release.

Banco Santander led the round through its venture capital arm called Santander InnoVEntures, while MUFG's participated through its wholly-owned corporate venture capital subsidiary MUFG Innovation Partners.

Carlos Domingo, the co-founder and CEO of Securitize, said that having the support of some of the largest banks in the world validates how transformative digital securities are for traditional financial markets.

"Digital securities will change the investment landscape as they will make the securities market faster, more efficient, and cost-effective which we believe provides issuers and investors a better overall experience."

Most of the investors in Securitize's latest funding round come from Asia.

"The investment round also demonstrates a growing appetite in Asia for digital securities," Securitize said in its press release.

The protocol, which manages secondary trading and corporate actions for digital securities, has 11 digital securities issued.