Securitize and Morgan Stanley Have Raised Over 48 Million Dollars in Crowdfunding
Despite the gloom and doom of the current economy, some companies are still able to raise capital. Among these are Securitize and Morgan Stanley. As of this writing, both have raised over 48 million dollars. Here we will discuss about 48m Morgan Stanley Blockchain Capitalbiekertbloomberg.
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Securitize raises $48 million
Founded in 2017, Securitize is a digital-asset securities firm. Using the protocol of blockchain technology, it allows users to issue and hold digital assets. Its protocol also has automated compliance features built into smart contracts. It is already working with 150 companies and helping them find backers. Eventually, it will launch a secondary trading marketplace for closed-end assets.
Morgan Stanley is the largest investor. The company owns 10.9% of MicroStrategy, the largest corporate bitcoin holder. It also owns DirectBooks, a partially-owned online book retailer. The company recently partnered with Axoni, a startup that is building a blockchain network to facilitate trading.
The Series B round brings Securitize’s total funding to $87.5 million. The investment was led by Morgan Stanley’s Tactical Value Investing division, which is part of its investment management unit. This is the first time the company has invested in a startup company that uses blockchain technologies.
The Series B round was oversubscribed. It also includes participation from new and existing investors, including Ava Labs, Borderless Capital, Global Brain, IDC Ventures, and Blockchain Ventures.
Pedro Teixeira joins the company’s board of directors
Previously a founding member of Nokota Management LP in New York, Pedro Teixeira joined Morgan Stanley in March of this year as Co-Head of the Tactical Value Investing (TVI) team. He began his career with Goldman Sachs International in London and became a top executive in the Principal Finance department at the firm. He eventually moved on to head Principal Finance in Europe. He also served as the secretary of the Principal Investments Committee, a specialized sub-group of the investment banking department.
Securitize recently launched an asset management subsidiary, which leverages the power of DLT to create an end-to-end digital asset securities platform. The company has already secured more than 300,000 verified investors. It has raised funds from a wide variety of investors, including Sumitomo Mitsui Trust Bank and IDC Ventures. The company has a number of digital assets including its own tokens and a tokenized security token. In a related announcement, Securitize has announced two cryptocurrency yield funds.
Securitize also wowed investors with its innovative use of DLT to launch Japan’s first rated “A-1” security token. The company partnered with SMTB to launch the security token, a first for a Japanese digital asset securities company. The company is also the first to launch a DLT-based asset management solution.
Funds managed by Morgan Stanley
Whether investing in private equity, debt or other investment instruments, Morgan Stanley is able to provide financing to portfolio companies. The firm can also provide lending services and financial advisory services.
The Global Private Equity Strategy of Morgan Stanley focuses on equity investments in North America and Europe. The Firm’s fixed income division, which makes equity-linked investments, also regularly participates in private credit activities.
The firm’s investment professionals have substantial leveraged finance experience and strong relationships with financial sponsors. Their extensive network within the Firm provides opportunities to generate attractive risk-adjusted returns.
Morgan Stanley has a strong track record in private credit investing. Their middle market private equity platform, Capital Partners, has invested in a variety of industries over the past two decades. In addition, they offer global resources and a value-added partnership approach.
The Funds managed by Morgan Stanley may be subject to a wide range of federal and state regulations. This can have an impact on Morgan Stanley’s operations. The firm’s regulatory framework focuses on safe operations, sufficient earnings, and adequate liquidity.
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