Securitize Surpasses $1 Billion in On-Chain Issuances and Launches Fund Services
Securitize has achieved a significant milestone, surpassing $1 billion in on-chain issuances and launching Securitize Fund Services, aimed at enhancing fund administration efficiency via blockchain technology. The platform addresses issues like delayed net asset valuations (NAVs) and repetitive onboarding processes to streamline digital finance workflows.
Securitize Fund Services offers a fully integrated platform for onboarding, automated workflows through smart contracts, and the issuance and redemption of tokenized securities. This suite enables institutional clients in both traditional finance (TradFi) and web3 to manage assets efficiently. Securitize Co-founder and CEO Carlos Domingo stated the platform combines expertise in tokenization with new fund administration tools, positioning Securitize as a leader in the real-world asset (RWA) tokenization sector.
The launch follows collaborations with major financial firms such as BlackRock, Hamilton Lane, and KKR, highlighting Securitize’s appeal to large institutions. These partnerships facilitate the integration of RWAs within blockchain systems, reducing counterparty risks and expanding capital-raising options. Victor Jung, Head of Digital Assets at Hamilton Lane, noted that the platform enhances investor experience in their funds.
Securitize has also partnered with ParaFi Capital to tokenize a new fund on the Avalanche blockchain, aiming to lower entry barriers and further integrate blockchain into mainstream finance.
However, Securitize's choice of the Wormhole Bridge for interoperability has raised security concerns due to a previous $323 million exploit. Nonetheless, through strategic partnerships and ongoing innovation, Securitize is advancing the convergence of digital and traditional finance, promoting greater efficiency and accessibility in investment.