Santander InnoVentures, MUFG and Nomura have joined in a $14 million funding round for token issuance technology provider Securitize.
The firm, which last month won approval from the US Securities and Exchange Commission to act as a transfer agent and keeper of records, provides a full-stack service for issuing and managing digital securities.
Carlos Domingo, co-founder and CEO of Securitize, welcomed the backing received from the formal banking industry.
"Bringing on key strategic investors like Santander InnoVentures, MUFG, and Nomura, as well as leading blockchain investors, validates how transformative digital securities are for traditional financial markets," he says..
This latest fundraise is an extension of Securitize's Series A round and brings its total financing to north of $30M. Existing series A investors, Blockchain Capital, SPiCE VC, and SeedRocket4Founders also participated.
Manuel Silva Martínez, partner and head of investments at Santander InnoVentures, says: "As we bet on companies that are reengineering core pieces of our industry's infrastructure through blockchain technologies, Securitize is an obvious addition to our portfolio that further enables Santander taking part in the nascent digital securities markets."