Quick take:

  • As part of the investment, Joseph Chalom, BlackRock’s Global Head of Strategic Ecosystem has joined Securitize’s board of directors.

  • The strategic round also follows BlackRock’s selection of Securitize as the transfer agent of its first tokenised fund on a public blockchain.

  • Securitize will use the funds to accelerate product development, expand its global footprint, and further strengthen its partnerships across the financial services sector.

Securitize, the leading real-world asset tokenisation platform has completed a $47 million funding round led by BlackRock. The fundraising also attracted participation from Hamilton Lane, ParaFi Capital and Tradeweb Markets, with  Aptos Labs, Circle and Paxos joining as strategic investors.

As part of the investment, Joseph Chalom, BlackRock’s Global Head of Strategic Ecosystem has joined Securitize’s board of directors, Securitize said in a statement on Wednesday. The fundraising also follows BlackRock’s selection of Securitize as the transfer agent of its first tokenised fund on a public blockchain.

Issued on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is BlackRock’s first tokenised fund issued on the blockchain. Since its launch on March 30, the fund has grown to become the largest tokenised treasury fund with $375 million in deposits exceeding Franklin Templeton’s OnChain U.S. Government Money BENJI earlier this week.

A Dune analytics dashboard prepared by 21.co indicates that BlackRock’s BUIDL now accounts for 28.6% versus BENJI’s 28.1% of the $1.2 billion market total.

Securitize sees the fresh capital as an opportunity to solidify its position as a leader in the digital asset securities ecosystem. The company will use the funds to accelerate product development, expand its global footprint, and further strengthen its partnerships across the financial services sector.

Commenting on the announcement, Securitize Co-Founder and CEO Carlos Domingo expressed his company’s excitement for attracting “distinguished investors” in its bid to continue driving 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,” Domingo said.

BlackRock’s Joseph Chalom commented: “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.”

Juan Delgado, the co-CEO of Hamilton Lane, which has been a Securitize partner since 2022 added: “We are committed to making the private markets accessible to a broader set of investors, including through digital-first, token-based technology.” 

On the other hand, Ben Forman, Founder and Managing Partner of ParaFi hailed Securitize’s “cutting edge infrastructure” as ideal for enabling “traditional assets to move onto the high speed, modern rails of blockchains.”

According to Forman the platform enables “greater transparency, immediate settlement, reduced counterparty risk, and heightened programmability.”

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