
Securitize has successfully secured $47 million in a strategic funding round led by the world's largest asset manager, BlackRock. This investment underscores the growing institutional commitment to the tokenization of real-world assets within capital markets. Other prominent participants in the round included traditional financial institutions such as Hamilton Lane and Tradeweb Markets, alongside crypto-native entities like Paxos, Circle, and Aptos Labs. As part of the agreement, Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, will join the Securitize board of directors. The capital infusion is earmarked to accelerate product development and facilitate the company's global expansion efforts. CEO Carlos Domingo stated that a primary objective for the firm is to secure regulatory approval to operate under the European Union's DLT Pilot Regime. This partnership reinforces BlackRock's broader digital assets strategy and highlights the increasing integration of blockchain technology into mainstream finance.
AI-generated summary — read the full article at the source for complete details.