Securitize, a trailblazer in tokenizing real-world assets, has successfully closed a $47 million funding round led by global investment giant BlackRock. The strategic investment, which saw participation from Hamilton Lane, ParaFi Capital, and Tradeweb Markets, marks a significant milestone in the digitization of capital markets.
Securitize’s efforts in leveraging blockchain technology to tokenize assets have garnered industry-wide recognition, and this substantial investment serves as a resounding endorsement of the company’s innovative approach. The influx of capital will fuel Securitize’s continued innovation and expansion.
As part of the investment, Joseph Chalom, BlackRock’s Global Head of Strategic Ecosystem Partnerships, has been appointed to Securitize’s Board of Directors.
“We are thrilled to have the support of such distinguished investors as we continue to drive the digitization of capital markets through tokenization,” said Carlos Domingo, Co-Founder and CEO of Securitize. “In our view, the transformative potential of blockchain technology to reshape the future of finance in general – and tokenization in particular – is promising.”
The strategic investment from BlackRock, the world’s largest asset manager, is a testament to the increasing acceptance of blockchain technology in traditional finance. By tokenizing real-world assets, Securitize is pioneering a new frontier that promises to revolutionize capital markets infrastructure, offering greater transparency, immediate settlement, reduced counterparty risk, and heightened programmability.
The investment round also drew support from notable players in the blockchain and digital asset space, including Aptos Labs, Circle, and Paxos, further underscoring the industry’s confidence in Securitize’s vision and the potential of tokenized assets.
Coinciding with this funding round, BlackRock has launched its first tokenized fund issued on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), available to investors through Securitize. This pioneering fund seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each month, providing investors with a unique opportunity to earn yield while holding tokenized assets on the blockchain.
As the world of finance continues to evolve, the strategic investment in Securitize by industry titans like BlackRock and Hamilton Lane marks a pivotal moment in the mainstream adoption of blockchain technology and tokenized assets. With its cutting-edge infrastructure and industry-leading expertise, Securitize is poised to drive the digitization of capital markets, ushering in a new era of transparency, efficiency, and accessibility for investors worldwide.
