Securitize, a security token start-up company headquartered in San Francisco, USA, announced the completion of a US$12.7 million Series A financing led by Blockchain Capital. Venture capital branch Xpring, OKEx's venture capital OK Blockchain Capital, Global Brain, and NXTP.

According to Carlos Domingo, co-founder and CEO of the company, they plan to use this latest financing to accelerate the digital upgrade of traditional securities products on the blockchain. Additionally, Brad Stephens, co-founder and managing partner of Blockchain Capital, will join Securitize’s board of directors as part of the deal.

In fact, today’s securities industry has a very large daily transaction volume, which can exceed 7 trillion US dollars at peak times. The goal of Securitize is to transfer these securities products to decentralized ledgers to make them more transparent and auditable , and improve real-time transaction efficiency.

Carlos Domingo believes that the traditional securities industry around the world is now trying to transform into tokens. Securitize needs to quickly capitalize on this emerging market opportunity and, with the support of this latest financing, expand its business coverage from Latin America to the Asia-Pacific region and even the rest of the world, aggressively promoting blockchain-based traditional securities Product digital business development.

At this stage, Securitize's clients include 22x, SPiCE VC and Augmate, and they also issue digital securities for Blockchain Capital's BCAP security token. The company also revealed that digitized securities based on the Securitize protocol can now also be traded on two regulatory-bound platforms, AirSwap and OpenFinance Network.

Regarding this investment, Ethan Beard, senior vice president of Xpring, an investment branch of Ripple, said that Ripple will focus on the tokenized securities industry in the future, and he also said:

"Securitize has an exceptional team and is focused on expanding the private securities market through compliance, liquidity, and leveraging easy-to-trade digital assets."