Sony Financial Ventures, part of Japanese conglomerate Sony Corporation, has shown that it is interested to join the security tokens bandwagon and has invested a “six-figure” sum in Securitize, a San Francisco-based platform that issues and managing digital securities.
The investment that raised $14 million funding round is participated by Japanese giants MUFG Innovation Partners and Nomura Holdings. Santander’s InnoVentures investment subsidiary and Blockchain Capital were also named.
The fund’s operators say they aim to provide strategic investments in promising fintech startups across the world in a 10-year period, with a war chest of USD 45.9 million. The fund is said to contribute to Sony Financial Group’s existing businesses and initiatives for new business creation as well as to generate financial returns from its investment.
This could be a hint that Sony may eventually look to tokenize certain aspects of its business operations through the Securitize deal.
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