Securitize surpasses $1B in tokenized assets, launches fund administration service

Tokenization leader Securitize announced it has exceeded $1 billion in on-chain tokenized assets, driven by the success of BlackRock’s BUIDL fund, The Block reported. In addition, the company launched Securitize Fund Services, a new global service aimed at simplifying tokenized fund administration by providing in-house solutions for compliance, tax and reporting needs.