Home Cryptocurrency Sony Makes Its Foray Into Security Token Platform Securitize

Sony Makes Its Foray Into Security Token Platform Securitize

In a major announcement leading security token management platform, Securitize said that it had received an investment from Sony. Sony has made an investment via its venture capital fund SFV・GB L.P. It is worth noting that GB L.P is co-managed by Sony Financial Ventures (SFV) along with Global Brain.

Sony Financial Ventures came into existence in the year 2018.

Securitize has emerged as a renowned blockchain-oriented company that offers assistance to businesses in generating compliant security tokens.

Sony now figures in the long list of companies that have been supporting Securitize that may include Ripple, MUFG, Coinbase, SBI Holdings, and Blockchain Capital.

The investment from Sony has now become an addition of Securitize’s recent funding round, which already raised more than $14 million from several renowned firms.

Commenting on the latest investment from Sony, Securitize CEO and co-founder Carlos Domingo said,

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.

Sony Financial Ventures Director Junji Nakamura said that Securitize skillfully strives to leverage blockchain technology in a bid to establish a new asset class with great capacities. Sony Financial Group has taken up this challenge with Securitize to establish new value together.

Meanwhile, Securitize has already carved its identity as a leader in the digital securities space. The firm is based in San Francisco and offers the technology for the tokenization of over 10 assets that collectively raised more than $300 million.

Digital securities also called a security token, can be used in various different asset classes. It is interesting to note that investment funds, equity, bonds, real estate along with liquid assets like collectible cars and fine arts underwent tokenization.

In the last few months, Securitize has managed to create a strong presence in the Asian securities market. With this latest investment from SFV, Securitize undoubtedly got its most prominent backing so far.

Timmy Murphy
Timmy Murphy
Timmy is a crypto and finance analyst. He deals with finance news-stories. He has completed his graduation in accounting and Finance. He is also a blogger and is famous for his finance blog. For any issues, feel free to contact him at email: timmy@forexnews.world

Must Read

Dash Exhibits Upsurge to $106; Intraday Might Observe Marginal Profit

Dash (DASH) reflected strong bearish influence in yesterday’s movement. The drop was massive, but the entire market was spotted making second guesses about the...

Chainlink (LINK) Records 60% Hike in the Last 30 Days

Chainlink exhibited astounding improvement in the price over the last 30 days. In the last few days of January, the currency was trading with...

Will Binance Coin Manage to Cross $24 Under Ongoing Volatility?

Binance Coin (BNB) had not started the year on a good note but later had managed to outsmart the bear pressure at regular intervals....

Singapore-Dollar Pegged Stablecoin Added by Crypto.Com

Crypto.com becomes the first crypto platform to adopt Singapore-dollar pegged stablecoin. It has announced the addition of XSGD to its list of cryptocurrencies.    Primarily, the...

Will Chainlink Continue Its Winning Momentum for the Short-term?

Chainlink (LINK) has not been able to perform well during the start of the year due to the continual bearish pressure in the crypto...