The asset manager raised 47 million euros from Securitize, which specializes in asset tokenization.

The fall of bitcoin below $60,000 does not scare Blackrock. The world’s largest asset manager continues to invest in asset tokenization. The group has just completed a fundraising of $47 million from Securitize. The latter operates with him in the field of digitalization of classic financial assets, creating a bridge between usual assets (bonds, stocks, raw materials, etc.) and digital assets, through tokenization.

Tokenization makes it possible to represent real assets (bonds, real estate…) on a blockchain. Ownership rights to a real asset are converted into one or more tokens on a blockchain. Individuals can also exchange these tokens anytime, anywhere, with transparent and secure transactions.

“Transformative potential”

“The transformative potential of blockchain technology to reshape the future of finance in general – and tokenization in particular – is promising,” said Carlos Domingo, co-founder and boss of Securitize.

Tokenization “has the potential to lead to a significant transformation of capital markets infrastructure. Our investment in Securitize is another step in the evolution of our digital asset strategy,” added Joseph Chalom, global head of strategic partnerships at Blackrock.

This fundraising takes place a month after the launch of the first fund of tokenized assets on the Ethereum blockchain by Blackrock. Called “BUIDL” (for Blackrock USD Institutional Digital Liquidity Fund), this fund allows institutional holders of its token to receive returns in dollars from cash or US Treasury bills.

Antoine Larigaudrie with Pauline Armandet


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