Morgan Stanley, Blockchain Capital Lead $48M Investment in Crypto Firm Securitize

Blockchain firm Securitize has introduced it raised $48 million in an oversubscribed Series B financing spherical led by Morgan Stanley. 

For the Wall Street large, which participated within the spherical by way of its enterprise capital arm Morgan Stanley Tactical Value, this marks the primary funding within the blockchain house.

Pedro Teixeira, co-head of Morgan Stanley Tactical Value Investing, mentioned that the agency’s funding is “an indication that we consider within the development and adoption of digital asset securities.”

Co-leading the spherical is Blockchain Capital, joined by new and present traders together with Ava Labs, IDC Ventures, Sumitomo Mitsui Trust Bank, Borderless Capital, Ripio, and Ripple. In July 2020, Securitize raised $12.8 million in a Series A spherical led by Coinbase. 

Founded in 2017, Securitize is an SEC-registered broker-dealer, which permits corporations to lift capital by way of so-called “security tokens.” These blockchain-based contracts characterize a stake in an enterprise or an exterior asset, for instance, actual property or company inventory. 

Earlier this month, Bitcoin pockets supplier Exodus introduced that it’s going to use the platform to transform $75 million in widespread inventory into tokens on the Algorand blockchain in order that they are often claimed by the corporate’s shareholders and later traded on secondary markets. The Series B elevate comes as the corporate prepares the launch of Securitize Markets, a market and buying and selling platform for digital securities.