BlackRock, the world's largest asset manager, led a $47 million strategic funding round for the tokenization firm Securitize. 

The alternative investment management firm Hamilton Lane, ParaFi Capital and Tradeweb Markets also contributed to the round, according to a Wednesday statement. BlackRock's Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, will also join the board of directors of Securitize following this raise. 

“At BlackRock, we believe that tokenization has the potential to drive a significant transformation in capital markets infrastructure. Our investment in Securitize is another step in the evolution of our digital assets strategy,” Chalom said in the statement. “We are pleased to lead this investment round alongside other participants and help …