ElectronX has closed a $30 million Series A led by seed round investor DCVC and joined by XTX Markets, Five Rings, NGP, GTS, and JACS Capital, along with returning investors Innovation Endeavors, Systemiq Capital, Equinor Ventures and Shell Ventures.

NEW YORK--(BUSINESS WIRE)--GTS Securities LLC, a leading electronic market maker across global financial instruments, and JKBX (“Jukebox”), the first platform that will offer fans, retail investors and music lovers the opportunity to invest in music royalties at scale, today announced the companies have signed a Memorandum of Understanding (“MOU”) that creates a strategic partnership between the two. The agreement brings together the music industry expertise of JKBX and the financial markets, trading and technology expertise of GTS.The partnership builds on GTS’s success as a leading market participant in trading global equities, futures, fixed income and ETFs – and one of the largest designated market makers at the New York Stock Exchange.Music rights as an asset class have been traded since the creation of copyright laws, but they have never been available to retail investors to trade at scale. JKBX will transform the music industry by unlocking access to this asset class, offering shares in music royalties of hit songs and popular artists from all eras on its platform via a series of Reg A+ filings. JKBX currently has over $1.7 billion in music rights exclusively secured and anticipates launching by the end of 2023 with over $4 billion of rights.“ GTS excels in making markets for every major financial asset class and providing enhanced liquidity through sophisticated, real-time pricing,” said Ari Rubenstein, co-founder and CEO of GTS Securities LLC. “ This same expertise can be applied to music royalties, which represent the next exciting tradeable asset class. JKBX, with its music royalties platform and extensive catalog rights, is an ideal partner for us.”Scott Cohen, CEO of JKBX, said, “ A handful of private equity firms, multinational corporations and major labels control the most valuable music rights in the world