- Securitize Funding Round: Securitize, a US-based firm specializing in asset tokenization and traditional securities, has successfully completed a $47 million funding round.
- Lead Investor: The funding round was spearheaded by global asset manager BlackRock, with participation from ParaFi Capital, Tradeweb Markets, Hamilton Lane, and other backers including Aptos Labs, Circle, and Paxos.
- Usage of Funds: Securitize plans to utilize the investment to fund product development, extend its global footprint, and strengthen partnerships across the financial services ecosystem.
- Board Addition: As part of the investment, Joseph Chalom, BlackRock’s global head of strategic ecosystem partnerships, has been appointed to Securitize’s board of directors.
- Securitize’s Offerings: Founded in 2017 and headquartered in San Francisco, Securitize facilitates the tokenization of real-world assets, providing clients with features such as lending and borrowing, secondary market trading, on-chain yield, flexible custody, and 24/7/365 transfers.
- BlackRock’s Perspective: Joseph Chalom of BlackRock believes that tokenization has the potential to drive a significant transformation in capital markets infrastructure, and the investment in Securitize is seen as a step in the evolution of BlackRock’s digital assets strategy.
- BlackRock’s Tokenized Fund: Concurrently with leading Securitize’s funding round, BlackRock has announced the launch of its first tokenized fund, named BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to be issued on the Ethereum network.
