Securitize, a cloud platform that enables clients to issue security tokens, has been selected to join the IBM Blockchain Accelerator program.
Securitize is a full stack technology and services platform with features and specialized tools for both investors and issuers. Securitize’s Digital Securities Protocol enables seamless, fully compliant trading across multiple markets simultaneously. At present, the company’s protocol powers Blockchain Capital, 22x, SPiCE VC, Augmate, Aspencoin, Lottery and Science Blockchain. In November 2018, the company raised $12.7 million in a Series A funding round led by Blockchain Capital.
First announced in November of last year, the IBM Blockchain Accelerator is an eight-week program targeted at later-stage companies globally and focused on building out an enterprise business network and client base for their blockchain application.
Securitize said that it was selected to participate in the accelerator program because IBM believes in its work to modernize a portion of the $82 trillion corporate debt market using blockchain technology.
“Taking something complex and expensive to issue and manage like debt and moving it to the blockchain makes sense,” said Carlos Domingo, Founder & CEO of Securitize. “Smart contracts are built to do just this. Our platform and protocol solution is better than what exists today, and is another step in the modernization of financial markets.”
The IBM Blockchain Accelerator will include a blockchain architecture workshop, in addition to the opportunity to work with the IBM team and external mentors. At the end of the program, Securitize will present a demonstration of their platform, explaining what they want to build for potential customers, including internal IBM teams.
“As the leader in enterprise blockchain, IBM is proud to welcome Securitize and nine others to the inaugural IBM Blockchain Accelerator program,” said David Post, managing director, IBM Blockchain Ventures. “The participants have been chosen for their promising use cases and dedication to building scalable blockchain networks that have the power to transform existing business processes.”
The other nine blockchain companies include Lucidity, TigerTrade, Phunware, Connecting Food, Ferrum, Bandwagon, IPwe, MetaMe, and Credly.
Source: Read Full Article