BlackRock spearheads $47m funding round for blockchain pioneer Securitize

Securitize, a pioneer in tokenizing real-world assets, has recently concluded a strategic funding round, raising $47 million.

The financial titan BlackRock led the round, with significant contributions from Hamilton Lane, ParaFi Capital, and Tradeweb Markets.

Demonstrating their commitment, BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, will join Securitize’s Board of Directors.

The newly secured funds will drive accelerated product development, global expansion, and stronger partnerships across the financial services ecosystem.

This strategic move aligns with the launch of BlackRock’s inaugural tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), offering a groundbreaking investment opportunity through Securitize.

Securitize CEO Carlos Domingo stated, “We are excited to have the backing of such prestigious investors as we advance the digitization of capital markets through tokenization. We believe the transformative potential of blockchain technology to redefine the future of finance—and tokenization in particular—is immense.”

Company

© 2023 CryptoFunding. All Rights Reserved.