Both current and future products from Securitize will benefit from the Wormhole partnership, enabling them to function across various protocols, including both private and public blockchains.
Key Notes
- Securitize has selected Wormhole as official cross-chain partner for its tokenized assets.
- The partnership is expected to accelerate global adoption of the asset class by making the offerings accessible to multiple blockchains.
- Securitize plans to incorporate its compliance system into Wormhole’s platform to make tokenized assets attractive for institutional investors looking to trade, buy, and sell, such products in a regulated environment.
Securitize, a blockchain company focused on asset tokenization, has officially appointed Wormhole as its interoperability partner, bringing cross-chain capabilities to all tokenized assets on its platform.
In an announcement released on Friday, the company highlighted that the partnership will incorporate Wormhole’s cross-chain capabilities into its system, describing the collaboration as a transformative step for both asset issuers and investors.
Previously confined to individual blockchains, tokenized assets on Securitize’s platform will now have the freedom to move across multiple blockchain networks. This increased flexibility will enhance liquidity, offering greater opportunities for those seeking to trade, purchase, or manage these digital assets more effectively.
A Significant Leap for Institutional Adoption
The partnership is expected to drive more institutional interest in tokenized assets by combining Securitize’s expertise in compliance with Wormhole’s cutting-edge cross-chain technology. The move is anticipated to broaden the reach of tokenized assets, making them more secure, accessible, and liquid, ultimately pushing the asset class further into mainstream financial markets.
Securitize also confirmed that it will integrate Wormhole’s messaging protocol with its own smart contracts to meet the compliance needs of institutional investors, creating a regulated environment for trading these tokenized assets.
Both current and future products from Securitize will benefit from the Wormhole partnership, enabling them to function across various protocols, including both private and public blockchains.
“We’re unlocking the full potential of tokenized securities by bringing them to public, permissionless blockchains. Wormhole helps us deliver sub-second, super-cheap transactions, and it moves us closer to a fully cross-chain ecosystem. This is a big step forward in showing how public blockchains can support new and exciting use cases,” said Carlos Domingo, CEO at Securitize.
Bridging Traditional and Decentralized Finance
Since its founding in 2017, Securitize has been at the forefront of converting assets like real estate and bonds into digital tokens. The company is registered under the United States Securities and Exchange Commission (SEC) as a transfer agent, facilitating the transition between traditional finance and blockchain technology.
Earlier this year, Securitize secured $47 million in a strategic funding round led by BlackRock in May. The round saw participation from other investors like ParaFi Capital, Tradeweb Markets, and Hamilton Lane.
At the time, Securitize said that the newly acquired capital would be used to fuel further innovation and expand its global operations.
Prior to this, BlackRock had already chosen Securitize as the official transfer agent for its tokenized Ethereum-based fund. According to an announcement, the fund named the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) can only be accessed exclusively through Securitize’s platform.
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
