NXTP Labs invests in Securitize, a platform to broadcast and manage digital assets using Blockchain technology
Securitize, a platform that allows issuing and managing digital assets through blockchain technology in compliance with the regulations in force in different jurisdictions, has raised $12.75 million in an investment round led by Blockchain Capital and other leading investors in the blockchain industry: NXTP Labs, Coinbase Ventures, Global Brain, OK Blockchain Capital and the investment arm of Ripple, Xpring.
“We are very excited to have brought together a group of strategic partners with a lot of experience and credibility in space. Not only will they provide support to Securitize as we continue to execute at the highest level in our industry, but they will be decisive as we prepare to tokenize Securitize for our Digital Securities Offering,” said Carlos Domingo, Co-Founder and CEO of Securitize.
The digital assets market is estimated at over $7 trillion annually, and Securitize is the most prepared platform for issuing and managing digital assets in compliance with regulations.
The closing of the A Series, led by Brad Stephens, Co-Founder and Managing Partner at Blockchain Capital, anticipates Securitize’s plans to launch a Digital Securities Offering in 2019. In addition, Brad Stephens will join Securitize’s board.
“Securitize’s solution solved a critical need for our Security Token BCAP. I am excited to be both a customer and an investor, and to help them lead the emergence of the tokenized digital asset industry,” said Brad Stephens, co-founder and managing partner at Blockchain Capital.
Securitize has reached significant milestones in the development of the digital assets industry, including the 22x broadcasts, SPiCE VC, Augmate and the upgrade of Blockchain Capital’s Security Token, in addition to new customers, who will be broadcasting their digital assets in the near future.
Other investors in the round are Venture Capital firms Global Brain, based in Tokyo, which will assist Securitize in business development and marketing efforts in Asia, and NXTP Labs, one of Venture Capital’s leading Latin American firms, which will help the company expand in the region.
“Securitize’s business model and strategy are aligned with NXTP’s belief that Digital Assets powered by blockchain technology will play a central role in the fast-growing market for crypto assets. Securitize has taken the lead in enabling access to advanced blockchain technology to a massive audience,” saidAriel Arrieta, Co-founder and Managing Partner at NXTP.
Other strategic investors in Securitize include former World Economic Forum CEO Donna Redel and former KKR partner and cryptography expert John Pfeffer.
“With new digital asset exchanges and marketplaces starting to trade, and a variety of digital assets beginning to trade in a regulated manner on a global scale, the opportunities for investors will be something never before seen in asset-backed securities markets,” said Domingo, who is also the founder of SPiCE VC, the first truly liquid, inclusive and transparent Venture Capital fund, tokenized on Blockchain.