On June 21, 2021, Securitize, Inc. closed the transaction. The company announced that it has received $48,000,000 in Series B round of funding co-led by existing investors Blockchain Capital, LLC, funds managed by Morgan Stanley Tactical Value Investing and leaders of venture capital and asset management on June 21, 2021. The transaction also included participation from new investors Ava Labs, Inc., IDC Ventures, Migration Capital LLC, NTT DATA Corporation (TSE:9613), Sumitomo Mitsui Trust Bank, Limited, Investment Arm, existing investors Blockchain Ventures, Borderless Capital, LLC, Global Brain Co., Ltd., Mouro Capital, Ripple Labs Inc., Spice Venture Capital Pte. Ltd, and BitPagos, Inc. Pedro Teixeira of Morgan Stanley Tactical Value Investing will join company's board of directors.