Harbor secures $28 million raise to tokenise private securities

AvatarJon CuthbertApril 19, 2018

Harbor has raised $28 million to deliver a Blockchain platform that will tokenise securities backed by real-world assets bringing its total funding to more than $40 million.

The platform will apply Blockchain technology to unlock liquidity within traditional illiquid assets such as real estate, company equity, investment funds, and fine art.

“The prospect of greatly increased liquidity for private securities will enhance capital formation, create new investment opportunities and support economic growth,” said Harbor CEO Joshua Stein.

Harbor’s platform will allow securities issuers and broker-dealers to tokenise private securities in compliance with existing international securities laws.

“Tokenising private securities allows issuers to lock up capital, without locking up investors,” said Stein.

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