A Japanese company known all over the world Sony, recently disclosed its investment plans for the platform stencrypted securities (security tokens) Securitize. Thus, the electronic giant joined the group of companies that turned to technology blockchain.
Sony is a development opportunity for Securitize
The move he has decided to make Sony undoubtedly proves the progressing development of the Japanese market security tokens.
It is also of great importance for the platform itself Securitize.
According to its CEO and co-founder, Carlos Domingo, the investment decision of the Japanese giant proves that Securitize is of great importance for shaping digital capital markets.
In addition, interest from a brand with such a strong market position will certainly have a positive impact on both the platform's reputation and its further performance.
Sony Financial Ventures
The investment in Securitize was made by Sony through one of its subsidiaries - Sony Financial Ventures (SFV)belonging to Sony Financial Group.
It is one of the largest companies providing financial services, and it also includes, among others Sony Life Insurance, Sony Assurance, Sony Bank, Sony Payment Services and Sony Lifecare.
Sony Financial Group currently most investments are made in Asia, North America and Europe, with these investments including many innovative technologies, such as artificial intelligence or robotics.
Also check: Artificial intelligence and blockchain - what will result from the combination of two powerful technologies?
SFV Director, Junji Nakamura, he repeatedly emphasized in media coverage how many opportunities brings blockchain technology, paying special attention to creating new asset classes and increasing market liquidity. He did not hide his enthusiasm for the action taken.
Investment in Securitize
Sony's decision to invest in Securitize was determined primarily by the successful course of the financing round of the company, which recognized global companies joined.
The platform managed to raise funds worth USD 15 million.
They were investors Nomura holdings, MUFG Innovation Partners, Santander InnoVentures and Blockchain Capital.
The importance of Securitize on the market
The Securitize platform became famous in January this year, when it was able to finalize the contract with AltoIRA, which expanded the possibilities American investors.
Another event that brought attention back to the company was Sony's interest in it. This is proof that the platform is becoming an increasingly important market player - the Japanese giant would not turn to an entity with a dubious reputation.