Yesterday, blockchain firm
Securitize announced an investment from SBI Investment, a unit of Japan’s SBI Holdings. The US-based securities tokenization startup did not disclose the funding amount.
Blockchain for securities is seeing significant activity with many Japanese firms exploring the sector. Securitize provides a compliance platform for tokenized securities. It’s blockchain solution, DS Protocol, manages the secondary trading of tokenized securities as well as corporate actions such as dividends.
The firm has received a lot of interest from Japanese institutions. Before the SBI investment, Securitize
raised $14 million from Santander InnoVentures, Mitsubishi UFJ Financial Group (MUFG) Innovation Partners, and Nomura Holdings. Previously, it also raised $12.75 million from Ripple, Blockchain Capital and Coinbase.
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