Investment Aims to Propel Tokenization of Real-World Assets
Securitize, a frontrunner in the realm of real-world asset tokenization, has proudly announced the successful conclusion of a substantial $47 million funding round. Spearheaded by BlackRock, the investment showcases a strategic move towards advancing capital markets digitization through blockchain technology. Noteworthy participants in the funding round include Hamilton Lane, ParaFi Capital, and Tradeweb Markets.
The infusion of capital stands as a testament to Securitize’s unwavering commitment to innovation and expansion within the digital asset securities ecosystem. Carlos Domingo, Co-Founder and CEO of Securitize, expressed gratitude for the support from distinguished investors, emphasizing the transformative potential of blockchain technology in reshaping the finance landscape.
Joseph Chalom, BlackRock’s Global Head of Strategic Ecosystem Partnerships, has been appointed to Securitize’s Board of Directors, marking a pivotal moment in the collaboration between the two entities. Chalom highlighted BlackRock’s belief in the profound impact of tokenization on capital markets infrastructure, stating that the investment in Securitize aligns with BlackRock’s digital assets strategy.
Hamilton Lane Co-CEO Juan Delgado echoed sentiments of longstanding partnership and commitment to broadening investor access to private markets through digital-first solutions. The investment signifies a continuation of the fruitful collaboration between Hamilton Lane and Securitize.
Ben Forman, Founder and Managing Partner of ParaFi Capital, commended Securitize’s cutting-edge infrastructure, emphasizing its potential to enhance transparency and efficiency across financial markets. The partnership with Securitize aligns with ParaFi’s broader investment focus on digital asset and tokenization infrastructure.
Tradeweb Chief Product Officer Chris Bruner emphasized the potential of tokenization to drive efficiency and accessibility in financial markets. Securitize’s expertise in digital asset securities aligns seamlessly with Tradeweb’s commitment to delivering advanced technology that fortifies market infrastructure.
Strategic investors in the funding round include Aptos Labs, Circle, and Paxos, further bolstering Securitize’s position in the market. The proceeds from the funding will be utilized to accelerate product development, expand global presence, and strengthen partnerships across the financial services ecosystem.
Concurrently, the funding round coincides with the launch of BlackRock’s inaugural tokenized fund issued on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This initiative underscores the growing integration of blockchain technology in traditional finance, offering investors enhanced liquidity and flexibility.
BUIDL seeks to maintain a stable value of $1 per token while providing daily accrued dividends directly to investors’ wallets. Through flexible custody options and seamless transferability, investors can leverage the benefits of blockchain technology in managing their investments.
The funding round signifies a significant milestone for Securitize and its partners, paving the way for further innovation and growth in the digital asset securities landscape.
About Securitize
Securitize is at the forefront of digitizing real-world assets through blockchain technology, facilitating compliant digitization of financial assets. With a focus on innovation and regulatory compliance, Securitize operates as a registered broker-dealer and offers a suite of services including a primary marketplace and alternative trading system.
About Hamilton Lane
Hamilton Lane is a leading private markets investment firm, providing innovative solutions to institutional and private wealth investors globally. With over 30 years of dedicated experience in private markets investing, Hamilton Lane specializes in building flexible investment programs tailored to client needs.
About ParaFi Capital
ParaFi Capital operates hedge fund and venture capital strategies focused on the digital asset ecosystem. Committed to rigorous research and institutional underwriting, ParaFi Capital seeks to bridge traditional capital markets with blockchain technology.
About Tradeweb
Tradeweb Markets Inc. is a global operator of electronic marketplaces for rates, credit, equities, and money markets. With advanced technologies and extensive market access, Tradeweb enhances price discovery and trade workflows for clients worldwide.
Photo by Mark Basarab on Unsplash
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