Securitize, an asset tokenization platform, has secured USD 47 million in new funding led by BlackRock, with participation from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. This round brings the company's total funding to just over USD 147 million.

The company plans to use the funds to accelerate product development, expand its global operations, and bolster its partnerships across the financial services industry.

Analyst QuickTake: Real-world asset tokenization has seen growing interest within the DeFi industry in the last six months, with a number of recent fundraises, including Untangled Finance , Ostium Labs , and GenTwo , which raised USD 13.5 million , USD 3.5 million , and USD 15 million , respectively. Notably, this funding from Blackrock coincides with the launch of BlackRock’s first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which it made available to investors via a partnership with Securitize.