Crypto firms Aptos Labs, Paxos and Circle also took part in the funding that bodes well for the future of real-world asset tokenization.
Digital securities platform Securitize has raised $47 million in a new strategic funding round led by BlackRock. Blockchain developers Aptos Labs and Paxos, and stablecoin issuer Circle, were also among the investors.
Proceeds from the funding round will be used for product development, global expansion and strengthening partnerships in the financial services ecosystem, Securitize said in a statement.
BlackRock global head of strategic ecosystem partnerships Joseph Chalom will join the Securitize board of directors. Chalom called the investment in Securitize “another step in the evolution of our digital assets strategy […] that will help meet the future needs of our clients.”