Leading asset management giant BlackRock is spearheading a fresh fundraising drive for Securitize, a US company specializing in the tokenization of real-world assets. In a recent press release, it was revealed that Securitize has successfully raised $47 million in funding, with BlackRock taking the lead. With over $10 trillion of assets under management, BlackRock is the world’s largest asset manager. As part of the investment, Joseph Chalom, BlackRock’s current global head of strategic ecosystem partnerships, will join Securitize’s board of directors. Chalom emphasized the potential of tokenization to revolutionize capital markets infrastructure and highlighted BlackRock’s commitment to digital assets strategy. The tokenization of real-world assets 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 in this funding round include stablecoin issuers Paxos and Circle, as well as Web3 blockchain firm Aptos Labs. BlackRock CEO Larry Fink had previously emphasized the benefits of asset tokenization, stating that it can enhance efficiency in capital markets, streamline value chains, and improve accessibility and cost for investors. Fink also noted that the US is lagging behind in financial innovation compared to the rest of the world.