LIVE"BlackRock Boosts Tokenization Efforts with $47 Million Investment in Securitize"
#BlackRock the biggest asset manager globally, is putting more money into the tokenization sector by investing $47 million in Securitize. This company specializes in turning physical and traditional assets into tokens.
BlackRock and Securitize have worked together before. BlackRock started a tokenized fund called the BlackRock USD Institutional Digital Liquidity Fund in March. It's a way for qualified investors to earn US dollar yields, and they can get it through Securitize Markets.
Lots of fintech companies and big finance names are interested in tokenization because it can make things more transparent and cheaper.
BlackRock's CEO, Larry Fink, says tokenized securities are like the next big thing for markets. Joseph Chalom, who works with BlackRock, thinks tokenization could change how capital markets work. He's now on Securitize's board of directors, and he sees investing in Securitize as a step forward for BlackRock's digital assets plan.
Other companies also joined in on the $47 million investment, like Hamilton Lane, ParaFi Capital, and Tradeweb Markets. Hamilton Lane, for example, made one of its equity funds available through a tokenized feeder fund on Polygon back in January 2023.
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