Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets.
Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize
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Blackrock Leads $47 Million Strategic Funding Round In Securitize; Bets on Tokenization’s Potential
Blackrock, the biggest asset manager in the world, is betting on the transformative power of tokenization for capital markets. The company has led a $47 million strategic funding round in Securitize, a global markets digitization company that uses decentralized tech to put financial assets in the blockchain.
The funding round also had the participation of private market investment firm Hamilton Lane, crypto-focused VC company Parafi Capital, and market operating company Tradeweb. Other crypto-native companies, like Aptos Labs, Circle, and Paxos, participated in the round.
Securitize stated this funding round would help them in the mission of taking financial markets into the blockchain. More specifically, the funds raised will fuel Securitize’s innovation and expansion to solidify its position as the leader in asset tokenization technologies.
The company reinforced its belief in the future of tokenization tech. Securitize CEO Carlos Domingo stated that the “transformative potential of blockchain technology to reshape the future of finance in general – and tokenization in particular – is promising.”
The investment also includes the inclusion of Joseph Chalom, Blackrock’s Global Head of Strategic Ecosystem Partnerships, in Securitize’s board of directors. Chalom underscored the importance of this movement for Blackrock’s future regarding digital assets.
He stated:
We believe that tokenization has the potential to drive a significant transformation in capital markets infrastructure. Our investment in Securitize is another step in the evolution of our digital assets strategy.
Securitize also provides access to Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL), the firm’s first tokenized fund, through a subscription. BUIDL allows token holders to enjoy a stable $1 and receive dividends in their wallets due to the fund’s investment in cash and U.S. Treasury bills.
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