As a seasoned researcher with a keen interest in blockchain technology and its potential to revolutionize finance, I find this partnership between Securitize and Wormhole particularly intriguing. With my background in understanding the complexities of both traditional and decentralized financial systems, it’s clear that this collaboration could be a significant step towards bridging these two worlds.
Securitize, in partnership with Wormhole, is now integrating inter-chain functionalities to empower all security tokens on their platform.
In simpler terms, Securitize – a tokenization platform supported by the well-known financial institution BlackRock – has teamed up with the Wormhole Foundation. This partnership aims to boost the ability of Securitize’s tokenized assets to work seamlessly across various blockchains. The blog post announcing this collaboration, published on September 20, suggests that future assets issued through Securitize may benefit from Wormhole’s technology for connecting different blockchain networks.
According to our partnership terms, Securitize is tasked with tailoring Wormhole’s messaging system using their unique smart contracts. This adjustment aims to ensure compliance with the regulations demanded by asset management entities.
Securitize, a company specializing in tokenized securities, views this integration as a crucial milestone towards connecting conventional and blockchain-based financial markets.
By teaming up with Wormhole, we’ll be able to facilitate swift, cost-effective transactions at a sub-second and sub-penny level. This alliance will also propel us into a more interconnected, multi-chain system, demonstrating another instance where public blockchains are unlocking innovative applications that were once considered impossible.
Carlos Domingo, Securitize co-founder & chief executive
Following the announcement, Wormhole’s native token W (WORMHOLE) rose by 6% to $0.24.
The collaboration comes months after Securitize raised $47 million in a funding round led by BlackRock, further solidifying its position in real-world asset tokenization. Other investors such as Hamilton Lane, ParaFi Capital, and Tradeweb Markets, also participated in the funding.
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2024-09-20 12:26