Securitize secures $47m funding round led by BlackRock
Securitize, a US-based firm that tokenises assets and traditional securities, has successfully completed a $47 million funding round spearheaded by global asset manager BlackRock.
Securitize completes $47 million funding round
The round also saw participation from ParaFi Capital, Tradeweb Markets and Hamilton Lane, alongside backers including Aptos Labs, Circle and Paxos.
The fintech says the cash injection – which adds to the $48 million raised through its Series B funding round in 2021 – will be used to fund product development, extend its global footprint and strengthen its “partnerships across the financial services ecosystem”.
In addition, as a component of the investment, BlackRock’s global head of strategic ecosystem partnerships, Joseph Chalom, has been placed on Securitize’s board of directors.
Founded in 2017 and headquartered in San Francisco, Securitize says it is making “real-world assets available to investors through tokenisation”.
Through registering ownership rights on the blockchain, the fintech boasts an ability to provide clients with features including lending and borrowing, secondary market trading, on-chain yield, flexible custody and “24/7/365 transfers”.
Commenting on the investment, Chalom asserts: “At BlackRock, we believe that tokenisation 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.”
Concurrent with announcing its leadership of Securitize’s latest funding round, BlackRock has also unveiled the launch of its first tokenised fund, labelled BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which is to be issued on the Ethereum network.
