Digital Securities Platform Securitize Gets Investment From Sony Financial Ventures, Global Brain
Sony has joined Santander, MUFG, and Nomura and has invested in Securitize. Sony made this move after the latest funding round held by Securitize, which showed the participating venture capital companies had raise a total of fourteen million dollars. Blockchain Capital also participated in this funding round. Carlo Domingo, the co-founder, and CEO of Securitize commented on the funding round and stated that:
“The investment validates Securitize as one of the most important architects of digital capital markets while adding another marquee name to a growing list of companies who are investing in digital securities as the future of global capital markets.”
SFV is a financial services group based in Tokyo, and which also happens to be a part of the Sony Financial Group. SFV includes the subsidiaries of the Sony Financial Group such as Sony Lifecare, Sony Life Insurance, Sony Payment Services, Sony Bank, and Sony Assurance.
This venture capital firm is known to invest in businesses and startups all over Europe, North America, and Asia. SFV has played a tremendous role in lending support to various disruptive technologies such as robotics, the Internet of Things (IoT), and Artificial Intelligence.
Junji Nakamura, the SFV director commented on this investment and said that:
“Securitize is expertly leveraging blockchain technology to create a new asset class with astonishing abilities. We are excited to take on this challenge with Securitize and create new value together.”
Sony, the parent company has been looking into how they could apply blockchain in their operations including DRM (Digital Rights Management). It’s rumored that the company is contemplating applying this technology later this year when they release their PlayStation 5 gaming console.
Security Tokens—What Are They?
Last year, the security tokens were perceived to be the next sure thing and were given the same level of attention as stablecoins. A security token is used to represent a digital unit based on the blockchain infrastructure, and is backed by real-world assets, e.g., funds, company shares, bonds, real estate, among many other types of equity products.
Securitize hopes to assist in modernizing the capital markets by assisting firms to offer digital securities. The securities are expected to have sizeable benefits with regards to convenience, liquidity, and trading speed.