Saturday, July 27, 2024
HomeFundingFL-based Securitize Secures $47Million in Funding - FUNDING NEWS

FL-based Securitize Secures $47Million in Funding – FUNDING NEWS

Securitize, the leader in tokenizing real-world assets, Secures $47Million in Funding led by BlackRock (Nasdaq: BLK). The strategic investment also includes funding from Hamilton Lane (Nasdaq: HLNE), ParaFi Capital, and Tradeweb Markets (Nasdaq: TW).

Securitize, the leader in tokenizing real-world assets, Secures $47Million in Funding led by BlackRock (Nasdaq: BLK). The strategic investment also includes funding from Hamilton Lane (Nasdaq: HLNE), ParaFi Capital, and Tradeweb Markets (Nasdaq: TW).

This 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.

As part of the investment, Joseph Chalom, BlackRock’s Global Head of Strategic Ecosystem Partnerships, has been appointed to Securitize’s Board of Directors.

Read also – NJ-based CoreWeave Secures $1.1 billion in Funding – FUNDING NEWS

Securitize Co-Founder and CEO Carlos DomingO said, “We are thrilled to have the support of such distinguished investors as we continue to drive the digitization of capital markets through tokenization, In our view, the transformative potential of blockchain technology to reshape the future of finance in general – and tokenization in particular – is promising.”

Joseph Chalom said, “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, 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.”

Juan 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.”

Ben Forman, Founder and Managing Partner of ParaFi said, “Securitize has built cutting edge infrastructure that enables traditional assets to move onto the high speed, modern rails of blockchains — enabling greater transparency, immediate settlement, reduced counterparty risk, and heightened programmability, At ParaFi, we’ve invested broadly across digital asset and tokenization infrastructure and are thrilled to partner with Carlos and the Securitize team to enable this vision of the future.”

Other strategic investors in the round include Aptos Labs, Circle and Paxos. It will leverage the proceeds of the funding round to accelerate product development, expand its global footprint, and further strengthen its partnerships across the financial services ecosystem.

The funding round coincides with the launch of BlackRock’s first tokenized fund issued on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), available to investors by subscribing to the fund with it.

About Securitize

Securitize, the leader in tokenizing real world assets, is driving the compliant digitization of financial assets through next generation blockchain technology. It, or through its subsidiaries, is a registered broker dealer (member SIPC) and operates a primary marketplace, an alternative trading system as well as a top 10 transfer agent and has an exempt reporting adviser.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular