The State of Investment into Security Token Infrastructure — Q1 2019
Over Half of a Billion Dollars is Building Out The Future of Security Tokens
We at Security Token Group are long on security tokens and have been tracking the space since 2017, the year that the first custom-coded “Security Token” smart contracts were raising capital. Since then, an influx of infrastructure has been unleashed and with it, fresh capital to develop technology, markets, and platforms.
With over a year of history to the industry, we wanted to map and track all of the infrastructure companies that successfully raised outside capital and what kind of firepower was behind them. This information also helps indicate the traction of the industry as a whole while providing relevant financing data for the firms within it. Included in this list are also equity crowdfunding and “ICO” companies that have adapted and raised capital to support security tokens. If you have information that is missing from this list, please leave a comment!
The punchline: At least $610,000,000+ has been invested into security token infrastructure.
We anticipate that this number will continue to rise. Below is the list of companies making this figure real.
Issuance Platforms
Figure, San Francisco — $115,000,000
Polymath, Barbados — $58,700,000
Harbor, San Francisco — $38,000,000
BankEx, New York — $30,000,000 (ICO)
Neufund, Berlin — $16,983,000
Securitize, San Francisco — $12,800,000
Prometheum, New York — $12,000,000
Dusk, Amsterdam— $8,075,000 (ICO)
Dharma Labs, San Francisco — $7,100,000
FinHaven, Vancouver — ~$5,900,000
BrickBlock, Gibraltar — $5,700,000
Swarm, San Francisco — $5,500,000 (ICO)
Atomic Capital, New York — $3,400,000
SeriesX, Austin — $2,300,000
Abacus, San Francisco — $2,100,000
Mt. Pelerin, Geneva — $2,050,000
Smartlands, Cyprus — $1,750,000 (ICO)
Smart Valor, Zug — $1,500,000
Rivver, Tel Aviv — $1,000,000
Stem, Amsterdam — $300,000
Archax, London — Undisclosed
Exchanges
TZero*, New York — $134,000,000
Gibraltar Blockchain Exchange, Gibraltar — $27,000,000
Sharespost, New York — $15,000,000
Templum*, New York — $12,000,000
Currency.com, Gibraltar — $8,000,000
Hyperion*, Toronto — $8,000,000
INX, Gibraltar — $4,900,000
Open Finance Network, Chicago — Undisclosed
Archax, London — Undisclosed
Other Infrastructure Companies
SIX FinTech Ventures — $50,000,000
ComplyAdvantage, New York — $30,000,000
TransitNet, Los Angeles — $2,500,000
Security Token Group, Miami — $1,000,0000
Tokenomix, New York — Undisclosed
ICO or FinTech Companies Also Offering STO Services**
CoinBase, San Francisco — $300,000,000
Bakkt, New York — $182,000,000
Waves/ Tokenomica, Moscow — $120,000,000
Airswap/ Fluidity, New York — $36,000,000
BnktotheFuture, Hong Kong — $30,000,000 (ICO)
Trust Token, San Francisco — $21,700,000
StartEngine, Los Angeles — $14,600,000
Republic, San Francisco — $12,000,000
Coinlist, San Francisco — $9,200,000
Aarnav, New York — $230,000
iComply, Vancouver — Undisclosed
Acquisitions
VerifyInvestor, Los Angeles — $12,000,000 Controlling Stake (81%) to TZero
SeedInvest, New York — Undisclosed sale to Circle
RenGen Labs, New York — Undisclosed to Republic
Currently fundraising category (notable mentions):
VRBex, Houston — $100,000,0000
Satang, Thailand — $10,000,000 (STO)
Desico, Vilnius (Lithuania) — $5,0000,000
Abstract Tokenization, Denver — $3,000,000
Issuance, Los Angeles — $3,000,000
FIC Network, New York — $1,000,000
Digishares, Denmark — $1,100,000
Securrency, Washington D.C. — Undisclosed
We will continue to update this list with missing information about Q1. Stay tuned and subscribe to see the Q2 report in July!
*Also does issuance.
**Not applied towards the total investment into Security Token Infrastructure due to some of the capital being invested towards non-security token infrastructure.
