Blockchain company Securitize has announced it raised $48 million in an oversubscribed Series B financing round led by Morgan Stanley.
Wall Street and venture capital converged in powering Securitize’s oversubscribed $48 million Series B capital raise, signaling consensus adoption of digital asset securities will continue to grow. https://t.co/z37CZT8Wr3
— Securitize (@Securitize) June 21, 2021
For the Wall Street giant, which participated in the round through its venture capital arm Morgan Stanley Tactical Value, this marks the first investment in the blockchain space.
Pedro Teixeira, co-head of Morgan Stanley Tactical Value Investing, said that the firm’s investment is “a sign that we believe in the growth and adoption of digital asset securities.”
Co-leading the round is Blockchain Capital, joined by new and existing investors including Ava Labs, IDC Ventures, Sumitomo Mitsui Trust Bank, Borderless Capital, Ripio, and Ripple. In July 2020, Securitize raised $12.8 mill
