Blackrock, the largest asset management company in the world, has taken the lead in a funding round of $47 million for Securitize, a company that specializes in digitizing capital markets. This move by Blackrock demonstrates their belief in the transformative potential of tokenization for global capital markets.
In addition to Blackrock, other financial and crypto native companies also participated in the funding round, including Hamilton Lane, Parafi Capital, Tradeweb, Aptos Labs, Circle, and Paxos.
Securitize sees this funding as crucial in their mission to bring financial markets onto the blockchain. The funds raised will support the company’s efforts to innovate and expand, solidifying its position as a leader in asset tokenization technologies.
Securitize’s CEO, Carlos Domingo, expressed his confidence in the future of tokenization, stating that blockchain technology has the potential to reshape the finance industry, with tokenization playing a key role.
As part of the investment, Joseph Chalom, Blackrock’s Global Head of Strategic Ecosystem Partnerships, will join Securitize’s board of directors. Chalom emphasized the significance of this move for Blackrock’s future in the digital assets space, noting that tokenization has the potential to transform capital markets infrastructure.
Furthermore, Securitize is providing access to Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL) through a subscription. BUIDL is Blackrock’s first tokenized fund, allowing token holders to maintain a stable value of $1 and receive dividends in their wallets, thanks to the fund’s investment in cash and U.S. Treasury bills.
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