The world’s largest asset manager appears poised to move deeper into the tokenization space after injecting capital into a tokenization firm it has worked with before.

BlackRock led a $47 million funding round for Securitize, a company focused on bringing physical and traditional financial assets onto the blockchain, the firms said Wednesday. 

Fintech companies and traditional finance giants have increasingly been testing out tokenization, noting that blockchain rails can help reduce costs and improve transparency. BlackRock Larry Fink has called tokenized securities “the next generation for markets.” 

To that end, BlackRock and Securitize are not strangers. 

BlackRock launched…

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