BlackRock Spearheads $47M Round to Accelerate Real-World Assets Tokenization with Securitize
How Securitize Plans to Use $47 Million Funding
Securitize aims to utilize the $47 million investment to fuel product development, enhance international presence, and establish key partnerships in the financial sector. Notable participants in this funding round include Hamilton Lane, ParaFi Capital, and Tradeweb Markets, with Joseph Chalom of BlackRock joining Securitize's Board of Directors.
BlackRock's Role in Digital Asset Strategy
BlackRock's partnership with Securitize resulted in the launch of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on Ethereum, positioning it as the largest treasury fund tokenized on a blockchain as of May 1. The fund focuses on stable assets like cash and US Treasury bills while offering liquidity through tokenized assets.
Market Trends and Performance Insights
The surge in tokenized real-world assets, especially in high-yield investments, has led to a remarkable 36.5% increase in market capitalization for BUIDL, showcasing the growing interest in tokenization. This growth reflects a broader market trend towards tokenization of various asset classes beyond stablecoins.
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