Sony VC Fund Joins ‘Over $14M’ Funding Round for Digital Asset Platform Securitize

A enterprise capital fund underneath the administration of Sony Monetary Ventures (SFV) and Japan-based VC agency International Mind has invested an undisclosed quantity in safety token issuance platform Securitize.

Saying the information in a press launch Tuesday, San Francisco-based Securitize mentioned the “strategic fundraise” got here by way of company VC fund SFV GB L.P. as an extension of the agency’s ongoing Sequence A spherical.

Securitize beforehand introduced that the spherical had raised $14 million again in September 2019, when MUFG Innovation Companions, Santander InnoVentures and others invested. And, in November, Japanese monetary companies firm SBI Holdings joined with sum of not less than 1,000,000, Securitize CEO and co-founder Carlos Domingo advised CoinDesk on the time.

The agency has not up to date the funding raised up to now, merely saying that it is now raised “greater than $14 million.”

Commenting on its newest backer, Domingo mentioned: “The [Sony] funding validates Securitize as one of the vital vital architects of digital capital markets whereas including one other marquee title to a rising checklist of firms who’re investing in digital securities as the way forward for world capital markets.”

Securitize is regulated by U.S. Securities and Alternate Fee as a switch agent and official keeper of information on modifications of securities possession. The agency goals to modernize the normal capital markets by permitting establishments to challenge and handle tokenized belongings akin to equities, fund stakes, fastened revenue, and actual property. The agency has constructed a protocol that permits administration of secondary buying and selling and company actions.

Sony Monetary Ventures invests firms engaged on progressive applied sciences akin to synthetic intelligence and machine studying, robotics, loT and visualization.

“Securitize is expertly leveraging blockchain expertise to create a brand new asset class with astonishing skills,” mentioned Junji Nakamura, director and member of the board of SFV. “We at Sony Monetary Group are excited to tackle this problem with Securitize and create new worth collectively.”