Even a Blockchain Capital co-founder has led a $12.75 million Series A funding round to get an electronic securities startup based on blockchain technology.
An American securities filings start-up has closed a Series A funding round led by Blockchain Capital that increased $12.75 million, based on press release exclusively shared by Cointelegraph Nov. 26. Securitizea technology platform that enables the issuances of digital securities — or security — of any asset, has shut the strategic capital round before the company’s aims to establish an Digital Security Offering (DSO) from 2019.The round also included participation from Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital, and Xpring at Ripple.Blockchain Capital’s co-founder and managing associate, Brad Stephens — who also headed the $12.75 million strategic funding round for the digital securities startup — will join Securitize’s Board of Directors.Stephens mentioned in the media release that”Securitize’s real time compliance solution solved a critical demand for our BCAP security amount,” which a token depending on the Ethereum (ETH) blockchain and found in April 2017 through a First Coin Offering (ICO). The press release claims that the securities market that is digital is currently worth more than $7 trillion yearly. Other “strategic shareholders ” at Securitize comprise Donna Redel, the World Economic Forum’s previous Managing Director and blockchain professor, and John Pfeffer, once a partner at global investment company KKR.Back this spring, Coinbase, a crypto exchange and wallet, had launched Coinbase Ventures, a fund targeted “merely to help the most compelling companies in the room to thrive,” since Cointelegraph documented Apr. 6. […]