{"id":279841,"date":"2021-06-21T17:30:00","date_gmt":"2021-06-21T14:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-backed-securitize-secures-48m-in-series-b-funding\/"},"modified":"2021-06-21T17:30:00","modified_gmt":"2021-06-21T14:30:00","slug":"coinbase-backed-securitize-secures-48m-in-series-b-funding","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-backed-securitize-secures-48m-in-series-b-funding\/","title":{"rendered":"# Coinbase-backed Securitize secures $48M in Series B funding"},"content":{"rendered":"

“# Coinbase-backed Securitize secures $48M in Series<\/a> B funding <\/strong>”
\n<\/p>\n

Morgan Stanley has made its first capital investment foray into the blockchain space, co-leading a $48 million funding for Securitize.<\/p>\n

According to a release<\/a> issued on Monday, the Coinbase-backed asset tokenization outfit has completed a Series B funding round that drew participation from Morgan Stanley Tactical Value-managed investment funds and Blockchain Capital.<\/p>\n

Other participants in the funding round included Sumitomo Mitsui Trust Bank (SMTB), Emin G\u00fcn Sirer\u2019s Ava Labs, and venture capital fund IDC Ventures, among others.<\/p>\n

The oversubscribed Series B round also saw participation from previous Securitize backers like Ripple and Borderless Capital.<\/p>\n

Monday\u2019s Series B funding announcement comes barely a month after successfully closing a $12.75 million Series B funding round.<\/p>\n

As with other Securitize capital raises, the Series B investors will receive their shares as digital assets issued by the firm. According to the release, the asset tokenization platform already has over 300,000 verified investors.<\/p>\n

In March, Securitize collaborated with SMTB to launch Japan\u2019s first \u201cA-1\u201d rated security token.<\/p>\n

Related: <\/em><\/strong>Japanese bank Sumitomo Mitsui launches the country’s first ‘a-1’ rated security token<\/em><\/strong><\/p>\n

As part of its investment, Morgan Stanley Tactical Value co-head Pedro Teixeira will join the Board of Directors at Securitize. <\/p>\n

Commenting on Morgan Stanley\u2019s first blockchain investment, Teixeira was quoted in the announcement as saying that the investment bank was keen on assets with long-term potential, adding:<\/p>\n

\u201cOur investment in Securitize is a sign that we believe in the growth and adoption of digital asset securities.\u201d<\/p><\/blockquote>\n

Securitize CEO Carlos Domingo also echoed Teixeira\u2019s comments stating that VC funding for the company demonstrates the growing popularity of digital asset securities among legacy finance stakeholders.<\/p>\n

As previously reported by Cointelegraph, Morgan Stanley introduced a Bitcoin (BTC) investment product for rich clients back in March. The $4 trillion wealth management giant in April expanded its BTC exposure for wealthy clients to 12 investment funds.<\/p>\n