A funding round led by Morgan Stanley Tactical Value and Blockchain Capital have reportedly been to raise $48 million for Securitize. 

Specifically, this development reportedly marked the first milestone of the Coinbase-supported asset tokenization entity investing its capital into an establishment in the blockchain sphere, with a Series B funding round. 

Additional corporations to have joined the funding round reportedly include Sumitomo Mitsui Trust Bank (SMTB), Emin Gün Sirer’s Ava Labs, and venture capital fund IDC Ventures. 

The oversubscribed Series B reportedly witnessed previous supporters such as Ripple and Borderless Capital to take part in. 

The details of the Series B fundraising on June 21st reportedly surfaced   one month following the successful effort to secure $12.75 million in a previous funding round. 

Regarding other Securitize capital fundraising attempts, the shares will reportedly be transferred to the Series B investors in the form of virtual assets, issued by the company. The number of verified investors has reportedly exceeded the 300,000 benchmark. 

In March, Securitize reportedly teamed up with SMTB to roll out Japan’s first “A-1” rated security token.

As included in the scope of the investment, Morgan Stanley Tactical Value co-head Pedro Teixeira reportedly became a member of the Board of Directors at Securitize. 

“Our investment in Securitize is a sign that we believe in the growth and adoption of digital asset securities.” Teixeira reportedly remarked regarding Morgan Stanley’s first blockchain investment.