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Sony VC Fund Joins Over $14M Funding Round For Digital Asset Platform Securitize

A enterprise capital fund below the administration of Sony Financial Ventures (SFV) and Japan-based VC agency Global Brain has endowed an covert amount in safety token issue platform Securitize.

Announcing the information in a press launch Tuesday, San Francisco-based Securitize declared the “strategic fundraise” got here through company VC fund SFV GB L.P. as an extension of the agency’s on-going Series A spherical.

Securitize beforehand introduced that the spherical had raised $14 million again in September 2019, when MUFG Innovation Partners, Santander InnoVentures and others endowed. And, in November, Japanese medium of exchange providers firm SBI Holdings joined with sum of at to the last-place degree one million, Securitize CEO and co-founder Carlos Domingo advised CoinDesk on the time.

The agency has not up up to now the funding raised to this point, only locution that it is now raised “more than $14 million.”

Commenting on its newest backer, Domingo declared: “The [Sony] investment validates Securitize as one of the most important architects of digital capital markets piece adding other marquee name to a growing list of companies who are investment in digital securities as the future of global capital markets.”

Securitize is regulated by U.S. Securities and Exchange Commission as a switch agent and official custodian of data on modifications of securities possession. The agency goals to modernize the standard capital markets by permitting establishments to challenge and handle tokenized property equivalent to equities, fund stakes, mounted revenue, and actual property. The agency has constructed a communications protocol that permits administration of secondary buying and merchandising and company actions.

Sony Financial Ventures invests corporations engaged on modern applied sciences equivalent to synthetic intelligence and machine studying, robotics, loT and visualization.

“Securitize is expertly leverage blockchain technology to create a new plus class with astonishing abilities,” declared Junji Nakamura, director and member of the board of SFV. “We at Sony Financial Group are excited to take on this challenge with Securitize and create new value together.”

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The chief in blockchain information, CoinDesk is a media outlet that strives for the best print media requirements and abides by a strict set of editorial insurance policies. CoinDesk is an impartial working subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sony VC Fund Joins Over $14M Funding Round For Digital Asset Platform Securitize

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