As a researcher with a background in finance and blockchain technology, I am thrilled to see Securitize secure $47 million in funding led by none other than BlackRock. This investment underscores the potential of tokenization to transform capital markets infrastructure and reshape the future of finance.
As a researcher studying the latest developments in the financial technology sector, I’m excited to share that Securitize, a leading financial services provider and Real World Asset (RAW) tokenization platform, has recently raised $47 million in a new funding round. This significant investment was spearheaded by our esteemed partner, BlackRock.
Securitize to Enhance Tokenization With New Fund
Today, Securitize successfully concluded its fundraising campaign, signaling a promising beginning to the month. Besides investment management firm BlackRock, who spearheaded the financing round, key contributors included 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.
“According to him, the ability of blockchain technology to revolutionize finance as a whole, specifically through tokenization, holds great promise in our opinion.”
As an analyst, I share the perspective held by both BlackRock and Securitize that tokenization represents a transformative force for capital markets infrastructure. From my standpoint, BlackRock’s investment in Securize signifies yet another strategic move in the development of its digital assets strategy.
The firm intends to employ the newly raised capital for driving product innovation and growth, as well as reinforcing its position as a pioneer in the digital security tokens sector.
BlackRock Partners Securitize for Tokenization
As a researcher studying the latest developments in digital assets, I’m excited to share that BlackRock, the first major investment firm to propose a Bitcoin ETF to the Securities and Exchange Commission (SEC), has made its inaugural investment in the tokenization of real-world assets through Securitize. This collaboration, which began in March, marked the establishment of BlackRock USD Institutional Digital Liquidity (BUIDL) Fund.
Based on BlackRock’s announcement, a minimum investment of $100,000 is necessary for external investors in the proposed tokenized fund. The SEC filing reveals an estimated commission fee of $525,000 for the sale of the fund, without any attached finder’s fee.
The announcement of BUIDL’s debut received extensive coverage, reinforced by the funding’s initiation with a substantial $100 million investment in USDC stablecoins on the Ethereum platform.
As a crypto investor, I’ve noticed an increasing number of projects embracing tokenization in the crypto space. This innovative approach is gaining popularity and transforming the way we interact with digital assets.
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2024-05-01 17:48