Fintech: Southeast News

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Posted July 02, 2021

 

Miami-based blockchain startup Securitize, which provides asset tokenization services, has raised $48 million in a Series B funding round co-led by Morgan Stanley.

Securitize's largest investor, Blockchain Capital, also co-led the round along with investment funds managed by Morgan Stanley Tactical Value. Participating in the round were new investors including Ava Labs, IDC Ventures, Migration Capital, NTT Data and Sumitomo Mitsui Trust Bank and existing investors Blockchain Ventures, Borderless Capital, Global Brain, Mouro Capital, Ripio, Ripple and SPiCE VC.

Significantly, this was Morgan Stanley’s first investment in a blockchain technology company, providing validation in the space by one of the country’s largest banks and demonstrating that confidence in the adoption and growth of digital asset securities is becoming increasingly mainstream, said co-founder and CEO Carlos Domingo.

Morgan Stanley sees “this as the future of finance -- a future platform for finance. The market potential is huge,” Dominguez said in an interview with Bloomberg, which broke the news.

"Securitize is well-recognized for pioneering the securitization of digital asset securities on the blockchain, and for its fully-compliant and fully-digital end-to-end to solution that enables private companies to raise capital, and for investors to find a path to liquidity," said Teixeira, in a statement. "We make long-term investments in businesses and asset classes that are ahead of the curve.”

As part of the transaction, Securitize will add Teixeira to its board of directors. The Series B round brings Securitize's total funding to date to $87.5 million, according to Crunchbase.


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