Economy 01-05-2024 22:09 11 Views

RWA Tokenization Firm Securitize Secures $47 Million Investment Led by BlackRock

Securitize, a company specializing in RWA tokenization, announced on May 1 the successful closure of a $47 million funding round. The investment was led by BlackRock, the world’s largest asset manager, further solidifying the growing interest and potential within the RWA tokenization sector.

RWA Tokenization Narrative Receives a Big Boost with Securitize and BlackRock Deal

Additional participants in the funding round included prominent financial institutions such as Hamilton Lane, ParaFi Capital, and Tradeweb Markets. The influx of capital will empower Securitize to broaden its efforts in leveraging blockchain technology to digitize capital markets, ultimately streamlining processes and enhancing accessibility.

Securitize is excited to announce that we have completed a $47 million funding round led by @BlackRock together with @hamilton_lane, @paraficapital, @Tradeweb, and strategic investors @AptosLabs, @circle and @Paxos.

This further proves that the demand for tokenized real-world…

— Securitize (@Securitize) May 1, 2024

Carlos Domingo, Co-Founder and CEO of Securitize, expressed his enthusiasm regarding the support received from esteemed investors.

“We are thrilled to have the support of such distinguished investors as we continue to drive the digitization of capital markets through tokenization,” said Domingo. “In our view, the transformative potential of blockchain technology to reshape the future of finance in general – and tokenization in particular – is promising.”

BlackRock’s Strategic Move

This investment follows a recent collaboration between BlackRock and Securitize on the development of the BlackRock USD Institutional Digital Liquidity Fund. This initiative suggests a strategic focus on RWA tokenization, a process involving the creation of digital tokens representing real-world assets like equities, bonds, and real estate, which are then traded on a blockchain.

Joseph Chalom, BlackRock’s Global Head of Strategic Ecosystem Partnerships, has been appointed to Securitize’s Board of Directors.

“At BlackRock, we believe that tokenization has the potential to drive a significant transformation in capital markets infrastructure,” said Chalom. “Our investment in Securitize is another step in the evolution of our digital assets strategy. We are pleased to lead this investment round alongside other participants and help foster innovation that will help meet the future needs of our clients.

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