PANews reported on October 31 that according to The Block, Securitize, a leading asset tokenization company, announced that its on-chain tokenized assets have exceeded 1 billion US dollars, mainly benefiting from the rapid growth of BlackRock's BUIDL fund. At the same time, Securitize also launched a new fund management service, Securitize Fund Services, which aims to simplify the operation and compliance process of tokenized funds and provide support to global customers.

Carlos Domingo, co-founder and CEO of Securitize, said the new service will support companies such as BlackRock and Hamilton Lane to create cryptocurrency-based funds, covering compliance, taxation, financial reporting and record keeping services. Domingo pointed out that integrating traditional fund management services into Securitize's system will help improve service efficiency and create opportunities for the release of more blockchain products.