Blockchain Startup, Securitize Closes Series A Funding Worth $12.75 Million

Securitize has terminated the issuances of security tokens of the assets way ahead of the proposed launching of Digital Security Offering. DSO was planned to launch in the following year by the company. The Startup Company has stopped this Series A funding which was led by Blockchain Capital; and was participated in by others like Global Brain, NXTP, OK Blockchain Capital, Coinbase Ventures, and Xpring at Ripple.

The Co-founder of Blockchain Capital, Brad Stephens, has announced his joining in the board of directors of Securitize. The $12.75 million funding was led by him. According to Brad, as stated in a press release, the compliance solution proposed by Securitize has helped a lot in the critical need for their BCAP digital security which is based on the ETH or Ethereum , launched in 2017.

As per the press release, the annual worth of the market of security tokens is $7 trillion. Securitize includes the strategic investors like Donna Redel, and John Pfeffer; the former is the ex managing director of World Economic Forum as well as a professor of Blockchain, and the later was a partner in KKR, a firm of Global Investment.

Similar kind of closure of Series A funding was done in the August of 2016 was done by SFOX, a base of cryptocurrency trading, which was partnered by Blockchain Capital and Y Combinator. A crypto exchange and wallet named Coinbase has, however, launched a Coinbase Ventures, this spring.