Funding of $47 million was secured by Securitize, a Miami, Florida-based startup that specializes in tokenizing physical assets.
Investors
- BlackRock (Nasdaq: BLK)
- ParaFi Capital
- Tradeweb Markets (Nasdaq: TW)
- Aptos Labs
- Circle
- Paxos
- Hamilton Lane (Nasdaq: HLNE)
- BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, has been nominated to Securitize’s Board of Directors as part of the investment.
The firm plans to solidify its place as a participant in the digital asset securities ecosystem by using the money to further boost its ongoing innovation and development.
Securitize, under the direction of CEO Carlos Domingo, is an expert in tokenizing physical assets, utilizing blockchain technology to compliantly digitize financial assets.
Concurrent with the financing is the introduction of BlackRock’s first tokenized fund launched on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which investors may access by using Securitize to subscribe to the fund.
“We are thrilled to have the support of such distinguished investors as we continue to drive the digitization of capital markets through tokenization.”
CEO Carlos Domingo
In addition to paying daily collected dividends straight to investors’ wallets as fresh tokens every month, BUIDL aims to provide a consistent $1 per token. The fund gives investors the opportunity to earn income while holding the token on the blockchain by allocating 100% of its entire assets to cash, US Treasury bills, and repurchase agreements.
One can transfer tokens to other pre-approved investors at any time of day, seven days a week. Holders of BUIDL can use Circle’s smart contract capabilities to transfer their shares to Circle for USDC. Additionally, fund members will be able to select how they want to store their tokens thanks to various custody choices.
Concerning Securitize
Using next-generation blockchain technology, Securitize, the pioneer in tokenizing real-world assets, is advancing the compliant digitalization of financial assets. Securitize, or its subsidiaries, run an alternative trading system, a top 10 transfer agent, a primary marketplace, an exempt reporting advisor, and a licensed broker dealer (member SIPC).
