RWA Tokenization Firm Securitize Raises $47M Led by Fund Partner BlackRock
Real-world asset (RWA) tokenization firm Securitize has closed a $47 million funding round led by the world’s largest asset manager BlackRock (BLK).
The round also included investments from Hamilton Lane (HLNE), ParaFi Capital and Tradeweb Markets (TW), Securitize announced on Wednesday.
00:57
Meme Coins Rub a Lot of People ‘the Wrong Way’: Fundstrat Strategist
17:51
Why Crypto Investors Should Watch for US Treasury’s Refunding Announcement
01:04
Bitcoin’s Dominance Rate Signals Upside
01:53
Hong Kong Bitcoin and Ether ETFs Have Soft Debut; What Indonesia’s Election Means for Crypto
Securitize will use the funds to to expand its efforts in using blockchain technology to digitize capital markets.
BlackRock and Securitize last month teamed up to create the BlackRock USD Institutional Digital Liquidity Fund, which may prove to be geared toward RWA tokenization – the process of minting tokens to represent real-world assets such as equities, bonds and real estate and trading them on a blockchain.
As part of BlackRock’s investment in Securitize, its global head of strategic ecosystem partnership Joseph Chalom will join the firm’s board.
Edited by Stephen Alpher.