According to Blockworks, BlackRock, the world's largest asset management company, seems to be ready to go deeper into the field of tokenization. It has injected funds into Securitize, a tokenization company it once worked with. BlackRock led a round of $47 million in financing for Securitize. Securitize is a company dedicated to bringing physical and traditional financial assets to the blockchain. Fintech companies and traditional financial giants are increasingly trying tokenization, believing that blockchain can help reduce costs and increase transparency. Larry Fink of BlackRock called tokenized securities "the next generation of the market." In March of this year, BlackRock launched its first tokenized fund, BlackRock USD Institutional Digital Liquidity Fund, which provides investors with a different way to earn U.S. dollar income. Qualified investors can subscribe to the fund through Securitize Markets. Other investors in this financing include Hamilton Lane, ParaFi Capital and Tradeweb Markets.
