Blockchain firm Templum has raised $10 million in a fundraising round led by Japanese investment giant SBI Holdings.
Templum will use the funds to continue the development of Templum Markets and its alternative trading system, and to attract accredited investors and institutions to its security token trading platform.
Templum Markets is a broker-dealer fully approved in 50 US states and other foreign jurisdictions. Templum Markets’ Alternative Trading System (ATS) brings together blockchain and tokenized assets and facilitates transparent access to capital and the secondary trading of tokenized assets. Traders on ATS will be able to negotiate directly with one another on the platform. ATS also allows companies to launch a security token.
Chris Pallotta, Founder and Chief Executive Officer of Templum, said that SBI shares the company’s mission to develop a secure trading platform for TAOs, and they look forward to partnering with SBI in Japan and across Asia in the future.
“We are excited to have SBI’s support and expect this investment will result in an expanded relationship with this highly respected institution,” said Pallotta.
Yoshitaka Kitao, Representative Director, President, and CEO of SBI Holdings, Inc. of SBI, said they are committed to the development of a new financial paradigm and believe Templum is the best partner for the development of this new paradigm.
“This investment underscores our belief in Templum’s experienced team, technology, and vision for using blockchain technology to transact in digital assets as securities,” said Kitao.
In January, Templum executed the first secondary transaction of a security token on a regulated platform. The transaction involved institutional investors seeking to transact in BCAP, issued by venture capital firm Blockchain Capital. Each BCAP token is a private, unregistered security representing a limited partnership interest in the fund.
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