May 1, 2024
Securitize Inc., a compliance and tokenization firm using blockchain technology to tokenize real-world assets, has raised $47 million in a funding round led by multinational investment manager BlackRock Inc.
The company utilizes digital ledger blockchain technology to create secure digital representations of securities, such as stocks, bonds, and exchange-traded funds. These securities and tokens benefit from tamper-proof, auditable histories and reduced transaction risk due to the immutable transaction records on the blockchain.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Securitize | May 1, 2024 | $47M | Series Unknown | $147.2M | BlackRock Inc. | RWA |
Securitize ensures code compliance for exchanging digital securities and enables investors and issuers to manage their day-to-day transactions. The company also operates a marketplace that is a member of the Financial Industry Regulatory Authority (FINRA) and is registered with the U.S. Securities and Exchange Commission (SEC) as a broker-dealer.
Other strategic investors in this round included blockchain developer Aptos Labs, stablecoin issuers Circle Internet Financial Inc., and Paxos Trust Co. LLC. The funds will be used to accelerate product development, expand globally, and seek further partnerships within the financial services industry.
Co-founder and Chief Executive Carlos Domingo emphasized the transformative potential of blockchain technology to reshape the future of finance and tokenization. This announcement follows the launch of BlackRock’s USD Institutional Digital Liquidity Fund in March, a tokenized fund issued on a public blockchain in partnership with Securitize.
Robert Mitchnick, BlackRock’s head of digital assets, highlighted the firm's focus on developing solutions in the digital assets space that address real client problems. Since its launch, BlackRock’s USD Institutional Digital Liquidity Fund has grown to $385 million in assets under management, offering stable yields through investments in U.S. Treasury bills and repurchase agreements while holding blockchain tokens.
About Securitize:
Securitize is at the forefront of tokenizing real-world assets using blockchain technology. By creating digital representations of securities, Securitize enhances transparency, security, and efficiency in financial transactions. The company's platform supports the secure exchange of digital securities, ensuring compliance and operational ease for investors and issuers. With a commitment to innovation and expansion, Securitize aims to redefine the financial services landscape through blockchain technology.
Website: https://securitize.io/
Twitter Account: @Securitize
Twitter Followers Today: 31,400
Twitter Followers 30 Days Ago: 23,700
Twitter Follower Change: 7,700 (+32%)
Investor Profile:
Investor: BlackRock Inc.
Description: BlackRock is a global investment management firm providing a wide range of financial services. The firm focuses on delivering solutions that meet the evolving needs of investors.
Location: United States
Website: https://www.blackrock.com/
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