BlackRock Splurges $47 Million On Tokenization With Securitize, Crypto ETF Trading Platform Takes Off
Tokenization of assets is one of the narratives currently buzzing the blockchain industry and in the crypto ETF sector, with the likes of Boston Consulting Group projecting a $16 trillion value for tokenized real-world assets by 2030. While this looks like a long shot, a recent move by US-based asset management firm BlackRock could be the push needed to make this projection a reality.
Amid all of this, one particular Crypto ETF trading platform, ETFSwap (ETFS), is set to enjoy the most growth, with immense promise for investors.
BlackRock Invests $47 Million In Securitize
On May 1, 2024, Securitize, one of the leading platforms spearheading the tokenization of assets, received $47 million in investment from titans in the traditional finance sector, led by asset management firm BlackRock. Others involved in this strategic investment include Hamilton Lane, Tradeweb Markets, and ParaFi Capital. This recent investment indicates the growing interest in the tokenization sector among the giants in TradFi and another step forward in BlackRock’s digital asset strategy.
The asset management firm had initially in March 2024 launched BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a tokenized fund built on the Ethereum (ETH) network to offer US dollar yields by leveraging blockchain technology. The BUIDL token was greeted with much optimism by other major financial firms in the industry and currently boasts $375 million in investment, with over $70 million inflows last week, according to data from rwa.xyz.
Securitize has also joined the BUIDL fund program to issue tokenized private credit funds. Further, the platform launched a system that will regulate various securities’ trading, known as an alternative trading system (ATS). As part of the investment deal, BlackRock’s global head of strategic ecosystem partnership, Joseph Chalom, has been appointed to join the Securitize Board of Directors.
While the effect of this investment and strategic partnership is yet to take hold in the tokenization sector fully, there is no doubt that this increasing interest in the industry could eventually drive a rally that will make its value explode to $16 trillion or even perhaps surpass it. Nevertheless, amidst this development, another platform leading the tokenization rally sprung up, capturing the attention of whale investors.
ETFSwap (ETFS) Emerges As The Premier Crypto ETF Trading Platform
ETFswap (ETFS) is a crypto ETF trading platform that uses the tokenization of assets to create access to exchange-traded funds (ETFs) on the blockchain. The tokenized ETFs will be made available on its web3 marketplace, which is designed to accommodate crypto experts and newbies.
As a direct representation of traditional ETFs, tokenized ETFs will allow traders to diversify their portfolio with several assets across various industries on a single interface. This cuts across crypto ETFs, healthcare, mining, and more. The platform will also allow users to track the progress of these assets before making trading decisions to minimize loss.
Another exciting thing about this crypto ETF trading platform is its native token, ETFS, which serves as the key to unlocking all the features on the network. The token, which functions as a standard ERC-20 token, serves the purpose of utility and governance, enabling holders to participate in the decision-making on the network through voting.
Currently, ETFswap is offering the ETFS token at a low price of $0.00854 per coin to crypto community members in its stage 1 presale. All participants of this current round will seal their chance of making an automatic profit when stage 2 starts at a higher price of $0.01831. Also, experts speculate a 10,000% surge in price that will soon take its price to the $1 mark, representing a 100x yield on investment for early investors.
As a cherry on top, all investors will increase their chances of benefiting from the $16 trillion projection for the tokenization sector. Savvy investors who know this are rushing to secure their share of this undervalued asset, taking the total number of tokens sold to $36 million. So what are you waiting for? Join the ETFswap (ETFS) presale today to be among the savvy investors who will benefit from a 100x yield when the token reaches its full potential.
For more information about the ETFS Presale:
Filed under: Bitcoin - @ May 6, 2024 9:00 pm