Business
Securitize announces $47 Million Strategic Funding Round led by BlackRock
The investment coincides with BlackRock's selection of Securitize as the transfer agent of its first tokenized fund on a public blockchain. MIAMI, May 1, 2024
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[{"type":"text","content":"The investment coincides with BlackRock's selection of Securitize as the transfer agent of its first tokenized fund on a public blockchain.\nMIAMI, May 1, 2024 /PRNewswire/ -- Securitize, the leader in tokenizing real-world assets, today announced the successful completion of a $47 million funding round led by BlackRock (Nasdaq: BLK). The strategic investment also includes funding from Hamilton Lane (Nasdaq: HLNE), ParaFi Capital, and Tradeweb Markets (Nasdaq: TW).\n\n \n \n \n \n \n \n\n \nThis investment underscores Securitize's industry pioneering efforts in digitizing capital markets with blockchain technology. The contributed capital will fuel Securitize's continued innovation and expansion as it further solidifies its position as a leader in the digital asset securities ecosystem.\nAs part of the investment, Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, has been appointed to Securitize's Board of Directors.\n\"We are thrilled to have the support of such distinguished investors as we continue to drive the digitization of capital markets through tokenization,\" said Securitize Co-Founder and CEO Carlos Domingo. \"In our view, the transformative potential of blockchain technology to reshape the future of finance in general – and tokenization in particular – is promising.\"\n\"At BlackRock, we believe that tokenization has the potential to drive a significant transformation in capital markets infrastructure. Our investment in Securitize is another step in the evolution of our digital assets strategy,\" said Joseph Chalom. \"We are pleased to lead this investment round alongside other participants and help foster innovation that will help meet the future needs of our clients.\"\nJuan Delgado, Hamilton Lane Co-CEO, commented: \"Hamilton Lane has a deep history with Securitize, having partnered initially in 2022 and since then enabling access to our Senior Credit Opportunities Fund (SCOPE) as well as our Equity Opportunities Fund V. We are committed to making the private markets accessible to a broader set of investors, including through digital first, token-based technology. Securitize continues to be a leader in this space and we are thrilled with this investment and excited to continue our collaboration.\"\n\"Securitize has built cutting edge infrastructure that enables traditional assets to move ...