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Securitize Scoops Up $47M with BlackRock Leading the Charge: Shaking Up RWA Tokenization!

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  • Securitize’s $47 million BlackRock-led financing round intends to innovate asset tokenization and finance with blockchain.
  • BlackRock’s Ethereum tokenized fund signals a shift toward digital asset securities, offering more reliable and flexible investing possibilities.

Securitize, a leader in the field of digital securities, has successfully raised $47 million in a capital round. BlackRock led this round, with notable participation from Tradeweb Markets, ParaFi Capital, and Hamilton Lane.

The investment demonstrates a strong dedication to using blockchain technology to modernize capital markets and advance the tokenization of assets.

Blockchain Innovation and Strategic Plans 

Given the current bearish trend in the blockchain industry—which is exemplified by Bitcoin’s recent 3.86% 24-hour decline to $57,457.81 and its 10.53% weekly decline, according to CoinMarketCap—this strategic investment in Securitize is encouraging for the technology’s potential applications outside of cryptocurrencies.

Moreover, significant withdrawals have occurred over the last three weeks from the U.S. Bitcoin ETF market, which includes products like BlackRock’s IBIT, in line with what ETHNews previously disclosed.

Tokenization: The Financial Future?

As part of the investment, BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, has been named to Securitize’s Board of Directors, indicating a commitment to future deeper collaboration.

Securitize’s co-founder and CEO, Carlos Domingo, highlighted the promise of tokenization to expedite and secure financial transactions and asset management, expressing optimism about utilizing blockchain’s disruptive potential to revolutionize finance. He stated:

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

The engagement of BlackRock is especially notable because Chalom has commented on how tokenization has the ability to drastically change the infrastructure of the capital markets.

Securitize’s product development, global expansion, and financial services alliances will all benefit from the capital raised from this fundraising round. This includes developing systems that provide faster settlement times, lower counterparty risks, and transparency.

The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), BlackRock’s first tokenized fund on Ethereum, has recently launched, complementing Securitize’s technology offerings.

This fund is designed to offer a stable value of $1 per token, paying daily accrued dividends directly to investors’ wallets, and it invests in cash, U.S. Treasury bills, and repurchase agreements.

Moreover, investors can transfer their tokens 24/7/365 to other pre-approved investors. This characteristic places BUIDL as a noteworthy innovator in the tokenization space, especially when combined with adaptable custody choices.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628