Working in the field of security-tokens blockchain startup Securitize announced the closing of a funding round Series A, which raised $12.75 million reported by CoinDesk.

The round was led by the company Blockchain Capital, co-founder and managing partner is where brad Stevens has also joined the Board of Directors Securitize. Also in the financing of startups participated Coinbase Ventures, the venture capital division of the Ripple (Xpring) and OKEx (OK Blockchain Capital), Global Brain and NXTP.

As stated Securitize CEO Carlos Domingo, the funds will help the company attract “competent investors” in anticipation of the launch of its proposal on security-tokens. According to him, Securitize aims to transfer the securities industry, estimated today at $7 trillion, on the blockchain, as this technology is more transparent and suitable for audits alternative and also allows you to carry out transactions in real time.

“Tokenization traditional securities industry is already happening on a global scale. To benefit from this new opportunity, we are planning to create your own team of developers and to expand the geography of coverage from Latin America to the Asia-Pacific region and other parts of the world,” — said Carlos Domingo.

It is noted that Securitize have already started to issue digital securities for companies such as 22x, SPiCE VC and Augmate, and security token for BCAP Blockchain Capital. Digital securities based on the Protocol of the project, are traded on exchanges and AirSwap OpenFinance Network in accordance with the requirements of regulators.

Senior Vice President Xpring Ethan Byrd stated that the interests of the Ripple distributed including on licenzirovanie securities.

“Securitize is a great team, focused on the disclosure of securities markets with the relevant legal requirements, liquid and accessible for trading assets,” he said.

Recall that in October there were reports that the possibility of launch platform for the token with the characteristics of the securities considering the U.S. exchange operator Nasdaq.

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