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Tokenization pioneer Securitize has crossed the $1 billion milestone in onchain assets, led by BlackRock’s BUIDL fund, and is introducing a new fund administrator service aimed at simplifying crypto fund operations.
What's the scoop?
- New Milestone: Securitize just announced that it has surpassed $1 billion in tokenized assets, with BlackRock’s BUIDL fund alone exceeding $500 million since July 2024.
- New Service: To support these assets, Securitize has unveiled Securitize Fund Services, a new fund administration platform designed to streamline tasks for blockchain-based real-world assets (RWAs).
- Comprehensive Support: The service assists with compliance, tax, financial reporting, and record-keeping, aiming to make onchain asset management more attractive. The service is also available globally, avoiding regulatory hurdles associated with other financial services.
Bankless Take
Securitize’s growth shows that the proof-of-concept phase of RWAs is decidedly behind us, whether the rest of the world has caught on yet or not. But as liquidity and infra deepens here, more companies are paying closer attention, and Securitize is doubling down on admin services as a big bet that it can convert more institutions to embrace onchain financial products.
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