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BlackRock Deepens Tokenization Efforts With $47 Million Investment In Securitize
According to Blockworks, BlackRock, the world's largest asset manager, is set to further its involvement in the tokenization sector. This follows its lead in a $47 million funding round for Securitize, a firm specializing in the tokenization of physical and traditional financial assets. The two companies have previously collaborated, with BlackRock launching its first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund, in March. This fund offers an alternative method for earning US dollar yields and is available to qualified investors via Securitize Markets.
Tokenization has been gaining traction among fintech firms and traditional finance giants, who note that blockchain technology can enhance transparency and reduce costs. BlackRock's CEO, Larry Fink, has referred to tokenized securities as 'the next generation for markets.' Joseph Chalom, BlackRock’s global head of strategic ecosystem partnerships, echoed this sentiment, stating that tokenization could significantly transform capital markets infrastructure. Chalom, who has now joined Securitize's board of directors, described the investment in Securitize as a step forward in BlackRock's digital assets strategy.
Other participants in the funding round included Hamilton Lane, ParaFi Capital, and Tradeweb Markets. Hamilton Lane, a private markets investment firm, had earlier in January 2023 made one of its equity funds available through a Securitize feeder fund tokenized on Polygon.
Tokenization has been gaining traction among fintech firms and traditional finance giants, who note that blockchain technology can enhance transparency and reduce costs. BlackRock's CEO, Larry Fink, has referred to tokenized securities as 'the next generation for markets.' Joseph Chalom, BlackRock’s global head of strategic ecosystem partnerships, echoed this sentiment, stating that tokenization could significantly transform capital markets infrastructure. Chalom, who has now joined Securitize's board of directors, described the investment in Securitize as a step forward in BlackRock's digital assets strategy.
Other participants in the funding round included Hamilton Lane, ParaFi Capital, and Tradeweb Markets. Hamilton Lane, a private markets investment firm, had earlier in January 2023 made one of its equity funds available through a Securitize feeder fund tokenized on Polygon.
Fidelity Ethereum ETF Leaves BlackRock In Dust: Details
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Analytics account @lookonchain on the X social media network has published fresh data, delivering an update on spot Bitcoin and Ethereum ETFs for Friday, August 23.
According to the figures revealed by the above-mentioned data source, Fidelity outpaced BlackRock in terms of Ethereum inflows on that day.
Lookonchain reported that on Friday, the netflow into nine spot Ethereum ETFs was negative as it constituted -4,972 ETH.
That was the fault of Grayscale, whose Ethereum Trust faced massive outflows of 11,885 ETH worth $31.61 million. Currently this ETF fund contains a massive Ethereum chunk of 1,830,266 ETH valued at almost $5 billion. Overall, in the last week, Grascale has lost 61,901 ETH.
As for inflows, it was Fidelity Ethereum Fund that scored the largest one – it saw an influx of 5,500 ETH and increased its stash by 11,250 ETH during the past week.
BlackRock’s iShares Ethereum Trust saw zero inflows this time, and so did the other Ethereum ETFs, except for Grayscale Ethereum Mini Trust (plus 1,602 ETH) and Invesco Galaxy Ethereum ETF (minus 189 ETH).
Still, BlackRock’s iShares has witnessed the largest Ethereum inflows over the past week as 14,240 ETH landed in its cold storage vaults.
As for spot Bitcoin ETFs, iShares here beat the rest of the spot ETF cohort, sucking in 1,252 BTC.
#EthereumETF #ETF #BlackROCK #Altcoins #CryptoNews $ETH $BTC $SOL
🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ
Analytics account @lookonchain on the X social media network has published fresh data, delivering an update on spot Bitcoin and Ethereum ETFs for Friday, August 23.
According to the figures revealed by the above-mentioned data source, Fidelity outpaced BlackRock in terms of Ethereum inflows on that day.
Lookonchain reported that on Friday, the netflow into nine spot Ethereum ETFs was negative as it constituted -4,972 ETH.
That was the fault of Grayscale, whose Ethereum Trust faced massive outflows of 11,885 ETH worth $31.61 million. Currently this ETF fund contains a massive Ethereum chunk of 1,830,266 ETH valued at almost $5 billion. Overall, in the last week, Grascale has lost 61,901 ETH.
As for inflows, it was Fidelity Ethereum Fund that scored the largest one – it saw an influx of 5,500 ETH and increased its stash by 11,250 ETH during the past week.
BlackRock’s iShares Ethereum Trust saw zero inflows this time, and so did the other Ethereum ETFs, except for Grayscale Ethereum Mini Trust (plus 1,602 ETH) and Invesco Galaxy Ethereum ETF (minus 189 ETH).
Still, BlackRock’s iShares has witnessed the largest Ethereum inflows over the past week as 14,240 ETH landed in its cold storage vaults.
As for spot Bitcoin ETFs, iShares here beat the rest of the spot ETF cohort, sucking in 1,252 BTC.
#EthereumETF #ETF #BlackROCK #Altcoins #CryptoNews $ETH $BTC $SOL
