The respective corporate venturing units of Coinbase and Ripple have taken part in a series a round that will help Securitize complete a digital security offering next year.
US-based security token developer Securitize has raised $12.5m in a series A round that included cryptocurrency exchange Coinbase and money transfer platform Ripple, TechCrunch reported on Tuesday.
Coinbase and Ripple, which participated in the round through their respective corporate venturing funds Coinbase Ventures and Xpring, were joined by venture capital firm Global Brain and Blockchain Capital, which led the round.
Securitize helps businesses and companies create and manage blockchain-based security tokens. It offers services including crypto and fiat escrow, token…
