Home / Ripple / Securitize supported by Coinbase and Ripple with a $ 13 million loan – FinTech Futures

Securitize supported by Coinbase and Ripple with a $ 13 million loan – FinTech Futures

Securitize, a US-based company that highlights traditional assets and securities, received $ 12.75 million in investments from people like Coinbase and Ripple, among others.

The A round of financing series was led by Blockchain Capital, a company based in San Francisco. Coinbase Ventures, Ripple, NXTP and Global Brain Corporation have also invested.

The funding round will help Securitize prepare for the planned launch of a digital security offering (DSO) next year.

The company aims to bring transactions in real time and transparency to the securities market through the use of blockchains.

Securitize CEO and co-founder Carlos Domingo states that the company will also develop its relationships with investors, increasing liquidity, promoting compliance and keeping abreast of their capital.

However, the company says it seeks more than just blockchain action. Domingo says: "These are the first engines, but the great opportunity is in the digitization of private and public shares, and 2019 will be the year when you will see 10 to 15 stock exchanges legally".

Brian Armstrong, CEO of Coinbase, says the exchange was trying to be a market to buy and exchange cryptographic titles.

Securitize will be responsible for the development of tokens and regulatory compliance through the DSO. The cryptocurrency exchanges, in particular Coinbase, will still have a role as trading platforms.

Blockchain Capital's co-founder and managing partner, Brad Stephens, will be joining Securitize's board of directors.

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