|Nov 27, 2018 04:00 PM||By: Jinia Shawdagor | 1299 Views|
TechCrunch is reaching that Coinbase's VC arm, Coinbase Ventures, has secured a variety of other big names in implementing Series A funding for Securitize, a company which aims to tokenize company shares and delivers them as Digital Security Offerings (DSOs).
This first round of funding allocated $12.75 million and included additional industry movers such as Blockchain Capital, Japan’s Global Brain, and Ripple’s Xpring fund. The money was proposed primarily in order and a small number of tokens, which will be converted to fiat or stablecoins for safe care.
The goal of Securitize is to digitize traditional assets under a new class of Digital Security Offerings. DSOs would be particularly securities and to avoid the current debate affecting many cryptos as to whether or not they include as such.
This seems to be a crucial step ahead for the proliferation of digital assets if not exactly cryptocurrency. However as more traditional trading mediums display digital, it will add enhanced validity to non-tangible commodities as a whole!