BlackRock, a leading asset management company, is taking the lead in a new funding round for Securitize, a US-based company focused on the tokenization of real-world assets. In a recent press release, Securitize announced the completion of a $47 million funding round, with BlackRock as the primary investor. BlackRock, with over $10 trillion in assets under management, is the largest asset manager globally. As part of the investment, Joseph Chalom, BlackRock’s current global head of strategic ecosystem partnerships, will join Securitize’s board of directors.

Chalom stated, “At BlackRock, we believe that tokenization has the potential to revolutionize capital markets infrastructure. Our investment in Securitize represents another step forward in our digital assets strategy. We are proud to lead this investment round alongside other participants and contribute to the innovation that will meet the future needs of our clients.”

Real-world asset tokenization involves embedding digital representations of tangible and intangible assets on blockchains to establish ownership. Examples of assets that can be tokenized include real estate, money, contracts, and art.

Other investors participating in the funding round include stablecoin issuers Paxos and Circle, as well as Web3 blockchain company Aptos Labs.

In March of the previous year, BlackRock CEO Larry Fink emphasized the potential benefits of asset class tokenization, such as streamlining capital markets, reducing value chains, and enhancing cost and access for investors. Fink also noted that the United States lags behind other countries in terms of financial innovation.

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