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RWA Tokenization Firm Securitize Raises $47M Led by Fund Partner BlackRock

BlackRock and Securitize last month teamed up to create the BlackRock USD Institutional Digital Liquidity Fund, which may prove to be geared toward RWA tokenization

Updated May 1, 2024, 2:26 p.m. Published May 1, 2024, 2:24 p.m.
BlackRock's IBIT may attract up to $3 billion inflow (Jim Henderson, modified by CoinDesk)
BlackRock's IBIT may attract up to $3 billion inflow (Jim Henderson, modified by CoinDesk)

Real-world asset (RWA) tokenization firm Securitize has closed a $47 million funding round led by the world's largest asset manager BlackRock (BLK).

The round also included investments from Hamilton Lane (HLNE), ParaFi Capital and Tradeweb Markets (TW), Securitize announced on Wednesday.

Securitize will use the funds to to expand its efforts in using blockchain technology to digitize capital markets.

BlackRock and Securitize last month teamed up to create the BlackRock USD Institutional Digital Liquidity Fund, which may prove to be geared toward RWA tokenization - the process of minting tokens to represent real-world assets such as equities, bonds and real estate and trading them on a blockchain.

As part of BlackRock's investment in Securitize, its global head of strategic ecosystem partnership Joseph Chalom will join the firm's board.

Read More: Tokenized Asset Issuer Backed Raises $9.5M as Crypto's RWA Race Heats Up



Jamie Crawley

Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.

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