RWA Tokenization Leader Securitize Pulls $47M In Funding Led By BlackRock

Real-World Asset (RWA) tokenization giant Securitize has raised $47 million in a new funding round backed by BlackRock
By Godfrey Benjamin

Highlights

  • Securitize just bagged $47 million in funding
  • BlackRock led investors in this round
  • Securitize and BlackRock are old partners in tokenization

Top financial service provider and Real World Asset (RAW) tokenization platform Securitize has secured $47 million in a new funding round led by its partner BlackRock. 

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Securitize to Enhance Tokenization With New Fund

Securitize announced the completion of the fundraiser today, marking a good start for the month. Apart from investment asset management firm BlackRock which led the funding round, the strategic capital raise enjoyed participation from Hamilton Lane, ParaFi Capital, and Tradeweb Markets.

Part of the investment deal saw BlackRock’s Global Head of Strategic Ecosystem Partnerships Joseph Chalom join Securitize Board of Directors as a member. For Securitize, this investment underscores its pioneering effort in integrating blockchain and the digitization of capital markets. Securitize Co-Founder and CEO Carlos Domingo is positive about the prospects that exist in this integration.

“In our view, the transformative potential of blockchain technology to reshape the future of finance in general – and tokenization in particular – is promising,” he said.

BlackRock shares the same sentiment with Securitize that tokenization holds the potential to drive a significant transformation in capital markets infrastructure. The management firm sees the investment in Securitize as another step in the evolution of its digital assets strategy.

The company plans to use the generated funds to push innovation and expansion of its existing products while re-establishing itself as a leader in the digital asset securities landscape. 

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BlackRock Partners Securitize for Tokenization

This is the first investment that spot Bitcoin ETF issuer BlackRock is making into the tokenization real-world assets leader since their collaboration in March. Over a month ago, BlackRock created a tokenized asset fund dubbed BlackRock USD Institutional Digital Liquidity (BUIDL) Fund in partnership with Securitize. 

According to BlackRock, the proposed tokenized fund will require that outside investors invest a minimum of $100,000. Per the filing with the United States Securities and Exchange Commission (SEC), the estimated sales commission for the fund is $525,000. Noteworthy, no finder’s fee is attached. 

The launch of BUIDL was well publicized, a positive sentiment justified with the fund’s seeding with $100 million in U.S. dollar-pegged USDC stablecoin using the Ethereum network. 

Generally, tokenization is becoming the trend in the crypto industry with so many projects adopting the innovation.

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Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
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