CDS Crypto News Securitize Partners with Wormhole to Introduce Cross-Chain Capabilities for Tokenized Assets
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Securitize Partners with Wormhole to Introduce Cross-Chain Capabilities for Tokenized Assets

Securitize partners with Wormhole to enhance cross-chain capabilities for tokenized assets, enabling seamless blockchain interoperability and faster, low-cost transactions.

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Securitize Partners With Wormhole To Introduce Cross-Chain Capabilities For Tokenized Assets

Securitize Partners with Wormhole to Introduce Cross-Chain Capabilities for Tokenized Assets

Securitize has formed a new partnership with Wormhole to bring cross-chain functionality to all tokenized assets on its platform.

Securitize, a leading tokenization platform backed by BlackRock, revealed its collaboration with the Wormhole Foundation in a blog post on September 20. This strategic integration is set to enhance the cross-chain capabilities of future assets issued through Securitize, leveraging Wormhole’s blockchain interoperability framework.

As part of the agreement, Securitize will integrate Wormhole’s messaging protocol into its own smart contracts, ensuring compliance with regulatory standards for asset managers.

Specializing in tokenized securities, Securitize views this development as a crucial step in bridging the gap between traditional finance and decentralized financial systems.

Carlos Domingo, Co-Founder and CEO of Securitize, emphasized the significance of the partnership: “By integrating with Wormhole, we can offer near-instant, low-cost transactions while moving towards a more interconnected, cross-chain ecosystem. This demonstrates the potential of public blockchains to unlock new use cases that were previously out of reach.”

Following the news, Wormhole’s native token (WORMHOLE) saw a 6% price increase, reaching $0.24.

This collaboration follows Securitize’s recent $47 million funding round led by BlackRock, further cementing its leadership in real-world asset tokenization. The funding also saw participation from Hamilton Lane, ParaFi Capital, and Tradeweb Markets.

Securitize Partners With Wormhole To Introduce Cross-Chain Capabilities For Tokenized Assets

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