Highlights:

  • Securitize manages code compliance for digital securities trading, freeing up issuers and investors to take care of day-to-day transactional tasks.
  • The Dune Analytics dashboard shows that BUIDL has grown to USD 385 million in assets under management since its launch.

Securitize Inc. raises USD 47 million in funding headed by multinational investment manager BlackRock Inc. Securitize is a tokenization and compliance firm that utilizes blockchain technology for tokenizing real-world assets.

The business creates a safe digital representation of securities, including stocks, bonds, and exchange-traded funds, using blockchain technology for digital ledgers. By using its platform, these securities and tokens benefit from decreased transaction risk, tamper-proof, auditable histories, and representation on an immutable transaction record.

Securitize manages code compliance for digital securities trading, freeing up issuers and investors to take care of day-to-day transactional tasks. In addition, the company operates a broker-dealer marketplace licensed with the US Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority.

Along with stablecoin issuers Circle Internet Financial Inc. and Paxos Trust Co. LLC, blockchain developer Aptos Labs participated in the round as strategic investors. According to the company, it would utilize the money to speed up product development, go global, and look for more alliances in the financial services sector.

Chief Executive and Co-founder Carlos Domingo said, “In our view, the transformative potential of blockchain technology to reshape the future of finance in general – and tokenization in particular – is promising.”

This news was made soon after BlackRock’s USD Institutional Digital Liquidity Fund, the management company’s first tokenized fund released on a public blockchain, debuted in March. The company partnered with Securitize to allow eligible investors to profit from the US dollar yields via Securitize Markets LLC, Securitize’s broker-dealer division.

BlackRock’s Head of Digital Assets, Robert Mitchnick, said, “This is the latest progression of our digital assets strategy. We are focused on developing solutions in the digital assets space that help solve real problems for our clients.”

The Dune Analytics dashboard shows that BUIDL has grown to USD 385 million in assets under management since its launch. In addition to paying daily accrued dividends as new tokens each month, BUIDL aims to provide a steady value of USD one per token. The fund holds blockchain tokens while investing its assets in repurchase agreements and the US Treasury notes, providing investors with a steady dividend.

Several blockchain businesses have investigated asset tokenization, a developing market that offers investing opportunities for stocks, commodities, and physical assets. One example is Fine Wine Capital AG, which tracks fine wine assets in Swiss markets in collaboration with Syngum Bank AG. RealBlocks, a blockchain-based real estate platform, has created a platform that tokenizes properties and converts them into securities that can be traded.