Securitize raises $47 million in funding led by BlackRock to expand tokenization. Other major investors include Hamilton Lane, ParaFi Capital, Tradeweb Markets, Aptos Labs, Circle, and Paxos.
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Securitize Raises $47 Million
Securitize, a leading firm in tokenizing real-world assets, has secured $47 million in funding, with BlackRock as the lead investor. Other major investors include Hamilton Lane, ParaFi Capital, Tradeweb Markets, Aptos Labs, Circle, and Paxos.
This funding follows BlackRock’s launch of its first tokenized fund, BUIDL, which has quickly become the largest tokenized equity fund. The investment will support Securitize’s growth, including its expansion into the European market through the EU’s DLT Pilot Regime.
Joseph Chalom, BlackRock’s Global Head of Strategic Ecosystem Partnerships, will join Securitize’s Board of Directors. Securitize aims to simplify traditional investments through digital tokens, enhancing speed, cost-effectiveness, and transparency in the financial system.
Collaboration between Securitize and BlackRock
The funding indicates a deepening collaboration between Securitize and BlackRock. Securitize currently serves as a transfer agent and tokenization platform for BlackRock’s BUIDL fund.
Carlos Domingo, Securitize’s co-founder and CEO, sees blockchain-based tokenization as a transformative force in financial markets, with potential benefits for the entire industry. Hamilton Lane, a major private markets investment firm, expressed support for Securitize’s approach and the potential of tokenization to improve access to private markets.
Securitize’s Funding Round
Securitize’s funding round comes shortly after the launch of BlackRock’s BUIDL, which has quickly become the largest tokenized fund, indicating a growing interest in blockchain-based assets.
Tokenized government securities, according to analysts, could see significant growth, with market share potentially increasing from 1% to over 10%. Despite current challenges, there is optimism about the future of tokenizing assets like US Treasuries, driven by strong demand within the cryptocurrency space.
Conclusion
To conclude, Securitize raises $47 million after a successful funding round, led by BlackRock and supported by other major investors, underscores the increasing interest and investment in the tokenization of real-world assets. This funding will not only fuel Securitize’s expansion plans but also signifies a broader trend towards embracing blockchain-based solutions in the financial industry, with potentially transformative impacts on traditional investment practices.
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