In a significant move that shows how important digital asset stocks are becoming, Securitize has completed a large $47 million funding round, with BlackRock leading the investment drive.
The funding, led by BlackRock, a world leader in investment management, will help Securitize’s current projects and make it easier for the company to grow in digital asset stocks. Joseph Chalom, BlackRock’s Global Head of Strategic Ecosystem Partnerships, will join Securitize’s Board of Directors. This shows how important the partnership is from a strategic point of view.
BlackRock’s Groundbreaking Tokenized Fund Revolutionizing Digital Asset Management
BlackRock formed its first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), the same day it got the funds. The BUIDL fund idea changes the way we deal with digital goods in a big way.
Ethereum (ETH) is what it’s made of. The company Securitize helped make it. It wants each coin to stay worth $1 and give owners the funds right away in their digital wallets. Also, buyers can choose from many custody options for the fund. This makes it easy for them to use and get their funds back.
Carlos Domingo, co-founder and CEO of Securitize, was thrilled that the company had gotten funds from well-known investors. Domingo stressed how important partnerships like these are for the plan to digitize the capital markets. “We are thrilled to have the support of such well-known investors as we continue to drive the digitization of capital markets through tokenization,” he said.
Ben Forman, the founder and managing partner of ParaFi, said that Securitize is good at building infrastructure and finds it simple to add normal assets to blockchain systems. Forman talked about how Securitize’s use of technology could change everything. “Securitize has built cutting-edge infrastructure that allows traditional assets to move onto the high-speed, modern rails of blockchains,” said the boss.
As the new funds show, investors have faith in Securitize’s plan. They also mark the beginning of a new era of growth and innovation in digital asset instruments, which is growing quickly. BlackRock and other big names in the industry have backed Securitize, which means they can speed up the changes that blockchain-based tokenization is making to capital markets.
The round of capital came from Hamilton Lane, ParaFi Capital, and Tradeweb Markets, which shows that many people in the business agree with Securitize’s new ideas. Aptos Labs, Circle, and Paxos have all made strategic investments in Securitize, which shows that the digital asset community recognizes and supports its new ways of doing things.
