Securitize Hits $1B in Blockchain Deals, Launches New Fund Services

Securitize Hits $1B in Blockchain Deals, Launches New Fund Services

By Jakub Lazurek

01 Nov 2024 (20 hours ago)

2 min read

Share:

Securitize reaches $1 billion in blockchain issuances, unveiling new fund services to streamline finance workflows and attract major financial partners.

Securitize has reached a major milestone, surpassing $1 billion in on-chain issuances and launching Securitize Fund Services, a solution designed to make fund administration more efficient using blockchain technology. By removing traditional obstacles, such as delayed net asset valuations (NAVs) and repetitive onboarding, the new platform aims to streamline digital finance workflows.

Securitize Fund Services addresses longstanding issues in fund management by offering a fully integrated platform that facilitates onboarding, automated workflows through smart contracts, and the issuance and redemption of tokenized securities. With this suite, institutional clients in both traditional finance (TradFi) and web3 can manage assets more efficiently. “We’re excited to give our customers an all-in-one platform, blending Securitize’s expertise in tokenization with new fund administration tools,” shared Securitize Co-founder and CEO Carlos Domingo. This launch positions Securitize at the forefront of the real-world asset (RWA) tokenization sector by enabling end-to-end investment management.

The rollout of Securitize Fund Services comes on the heels of high-profile collaborations with major financial firms like BlackRock, Hamilton Lane, and KKR. These partnerships are a testament to Securitize’s appeal to large financial institutions, as it enables them to integrate RWAs within blockchain-based systems, thereby reducing counterparty risks and expanding capital-raising avenues. Hamilton Lane, in particular, sees the platform as a way to provide a faster and more seamless experience for investors in its funds. “We partnered with Securitize because they share our vision of making private markets more accessible and scalable,” said Hamilton Lane’s Head of Digital Assets, Victor Jung.

In addition to collaborating with traditional financial institutions, Securitize has also expanded its blockchain footprint through a strategic partnership with ParaFi Capital. Together, they are tokenizing a new fund on the Avalanche blockchain, intending to lower entry barriers and further integrate blockchain technology into mainstream finance.

However, Securitize’s selection of the Wormhole Bridge as its interoperability provider has raised eyebrows due to security concerns. Wormhole previously faced a $323 million exploit, which left some skeptical about its reliability for tokenized assets Through strategic partnerships, ongoing innovation, and a firm commitment to blockchain-powered finance, Securitize is demonstrating how digital and traditional finance can converge, paving the way for greater efficiency and accessibility in the investment world.

Share:
Go back to All News
Previous article

XRP Struggles to Gain as ...

XRP Struggles to Gain as Institutional Support Remains Low
Next article

MicroStrategy Surpasses Microsoft in 25-Year ...

MicroStrategy Surpasses Microsoft in 25-Year Stock Gains with Bitcoin Bet