Japanese financial services conglomerate SBI Holdings has invested a seven-figure sum in Coinbase backed digital securities platform Securitize. However, the exact amount invested by SBI was not revealed. CEO of Securitize said that they plan to use the funds in part to open a new office in Japan.
SBI believes in the future of digital securities
The CEO and the president of SBI Holdings, Yoshitaka Kitao, said that they strongly believe in the future of digital securities. He also called Securitize as one leading player in the industry. The CEO and co-founder of Securitize, Carlos Domingo, thinks that this move is part of something big, as he had earlier mentioned that much of the interest around the space came primarily from those already knew about the potential of blockchains and ICOs.
Securitize raised $14 million from Santander bank and MUFG
Two months ago, Securitize announced that it had raised a combined $14 million from the banking giant Santander and Mitsubishi UFJ Financial Group. The digital security platform was approved by the US Securities and Exchange Commission to act as a transfer agent and official keeper of records on changes of securities ownership in August. The total funds raised by the so far are over $30 million.