Templum raises $10 mln

Templum Inc said April 23 that it raised $10 million in funding. The round includes an investment by SBI Holdings Inc and Raptor Group. Templum, of New York, is developing a trading system and platform to sell digital assets and the secondary trading of digital assets offered as securities.

PRESS RELEASE

NEW YORK & TOKYO–(BUSINESS WIRE)–Templum, Inc. (“Templum”) today announced SBI Holdings, Inc. (“SBI”), Japan’s financial services company, has made a strategic investment in the company. The investment will fund the continuing development of the company’s subsidiary Templum Markets and its alternative trading system. The investment completes a $10 million fundraising round that includes an investment by the Raptor Group
Templum Markets is a leader in facilitating the offering and secondary trading of digital assets offered as securities with a focus on investor protection and standardization. Templum will also use the new funding to continue to create valuable investor partnerships and to attract institutional and accredited investors to use Templum’s technology to purchase and sell securities tokens.
Chris Pallotta, Founder and Chief Executive Officer of Templum, said, “We are excited to have SBI’s support and expect this investment will result in an expanded relationship with this highly respected institution. SBI shares our mission to develop a secure trading platform for TAOs, and we look forward to partnering with SBI in Japan and across Asia in the future.”
Yoshitaka Kitao, Representative Director, President, and CEO of SBI Holdings, Inc. of SBI added, “We 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.”
About Templum
Templum is an innovative technology company focused on the development of trading system and platforms to facilitate the lawful sales of digital assets and the secondary trading of digital assets offered as securities. Templum was established by a group of principals with extensive experience in both the blockchain space and the securities industry, helping shape the innovative technology into a viable and scalable industry. They have leveraged their background to develop a model for the sale of digital assets as securities and to bring a new form of capital formation to market, the Tokenized Asset Offering (“TAO”) as securities.
About Templum Markets
Templum Markets, LLC, is a broker-dealer and the operator of the Templum Alternative Trading System.
For more information please visit http://www.tradetemplum.com/.
About SBI
The SBI Group was established in 1999 as a pioneer of Internet-based financial services in Japan. Since then, the SBI Group has formed the world’s first Internet-based financial conglomerate, providing financial services in a broad range of fields including securities, banking and insurance. In addition, the SBI Group provides Asset Management Business, with a prime focus on investment in venture companies – an activity undertaken since before the Group’s founding. In this sphere, the SBI Group has made focused investments in the IT and biotechnology sectors, which are the 21st century growth industries. Currently, the development of new technologies is accelerating within the FinTech, IoT, AI, big data and related fields thus attracting global attention. The SBI Group is proactively investing in venture companies within these fields.
Contacts
Templum