BlackRock-Backed Securitize Chooses Wormhole for Cross-Chain Tokenization
Key Points:
- BlackRock-backed Securitize partners with Wormhole for further developments in cross-chain tokenization.
- This deal solidifies liquidity and flexibility to the tokenized asset in a world with various blockchains.
- This integration is designed to bridge traditional finance with DeFi by way of using public blockchains.
Securitize, a BlackRock-backed tokenization platform, has inked Wormhole for better cross-chain interoperability. With this integration, the ecosystem is expected to feel better in terms of liquidity, compliance, and access to tokenized assets with frictionless porting across different blockchain ecosystems.
Securitize Partners with Wormhole for Cross-Chain Tokenization
Securitize, a real-world asset tokenization platform backed by BlackRock, announced on September 20, 2024, that the company would integrate with Wormhole. Given the integration, all current and future tokenized assets using the Securitize platform will include the cross-chain functionality of Wormhole to easily move such assets between blockchains.
It tailors the Wormhole messaging protocol to the smart contracts of Securitize and addresses the regulatory requirements of asset managers. The integration will bridge traditional finance and DeFi and bring liquidity and access.
Read more: 25.78% of Wormhole Token Supply Will Be In Circulation After Latest Unlock
Cross-Chain Tokenization in DeFi
In the words of Carlos Domingo, CEO of Securitize, the partnership will create sub-second, sub-penny transactions, taking us to a cross-chain ecosystem where public blockchains unlock new opportunities for tokenized assets.
Robinson Burkey, Wormhole co-founder said: “Securitize has established itself as a market leader in the tokenized asset space, and we are excited to create better asset management experiences for their users.”
Developing Security and Adoption for Tokenized Assets
For further security and compliance, Securitize is also partnering with top security companies including Zokyo, Fuzzland, PeckShield and BlockSec. This partnership with Wormhole constitutes an important milestone in making the tokenization of assets better and continuing to drive the institutional adoption of tokenized assets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
News
BlackRock-Backed Securitize Chooses Wormhole for Cross-Chain Tokenization
Key Points:
- BlackRock-backed Securitize partners with Wormhole for further developments in cross-chain tokenization.
- This deal solidifies liquidity and flexibility to the tokenized asset in a world with various blockchains.
- This integration is designed to bridge traditional finance with DeFi by way of using public blockchains.
Securitize, a BlackRock-backed tokenization platform, has inked Wormhole for better cross-chain interoperability. With this integration, the ecosystem is expected to feel better in terms of liquidity, compliance, and access to tokenized assets with frictionless porting across different blockchain ecosystems.
Securitize Partners with Wormhole for Cross-Chain Tokenization
Securitize, a real-world asset tokenization platform backed by BlackRock, announced on September 20, 2024, that the company would integrate with Wormhole. Given the integration, all current and future tokenized assets using the Securitize platform will include the cross-chain functionality of Wormhole to easily move such assets between blockchains.
It tailors the Wormhole messaging protocol to the smart contracts of Securitize and addresses the regulatory requirements of asset managers. The integration will bridge traditional finance and DeFi and bring liquidity and access.
Read more: 25.78% of Wormhole Token Supply Will Be In Circulation After Latest Unlock
Cross-Chain Tokenization in DeFi
In the words of Carlos Domingo, CEO of Securitize, the partnership will create sub-second, sub-penny transactions, taking us to a cross-chain ecosystem where public blockchains unlock new opportunities for tokenized assets.
Robinson Burkey, Wormhole co-founder said: “Securitize has established itself as a market leader in the tokenized asset space, and we are excited to create better asset management experiences for their users.”
Developing Security and Adoption for Tokenized Assets
For further security and compliance, Securitize is also partnering with top security companies including Zokyo, Fuzzland, PeckShield and BlockSec. This partnership with Wormhole constitutes an important milestone in making the tokenization of assets better and continuing to drive the institutional adoption of tokenized assets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Related Posts
Press Releases
BlockDAG’s Miner Sales Rocket to $4.9M After Revealing 300M Mining Rewards; Ethereum and Bitcoin Cash Prices Show Promise
Press Releases
BlockDAG Teams Up with Borussia Dortmund, Eyes on $30 Mark! Challenges Ahead for Aptos and XRP
News
Telegram TON Blockchain Is Now Operating Normally After Outages on Wednesday
Latest
Core Blockchain Surpasses $400M TVL, Leads Bitcoin Layer 2 Scaling
Mawari Network Raised $10.8M In New Solana DePIN Funding Round
Mawari Raises $10.8 Million Strategic Funding to Scale Spatial Computing
Press Release
Mawari Raises $10.8 Million Strategic Funding to Scale Spatial Computing
BlockDAG’s Testnet Live Now: Can BDAG Offer Massive ROIs While Solana Wavers and Arbitrum Declines?
