Key Points:
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
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.”
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. |
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