Securitize recently announced its partnership with Wormhole Foundation. This collaboration aims to enhance cross-chain interoperability for all tokenized assets on Securitize’s platform.
Enhancing Tokenization and Interoperability
Wormhole will serve as the official provider of blockchain interoperability for Securitize. This marks a significant step in the tokenization of digital assets. Now, Securitize can connect its tokens to 32 blockchains through Wormhole’s infrastructure. As a leading provider, Securitize supports institutions like BlackRock and Hamilton Lane.
Bridging Traditional and Decentralized Finance
The partnership’s primary goal is to promote institutional adoption. It will bridge the gap between traditional finance and decentralized finance. Now, asset issuers using Securitize can seamlessly transfer tokens across various blockchain ecosystems. Consequently, this development will enhance liquidity and accessibility for tokenized assets. Investors will enjoy greater flexibility in managing their digital assets.
Emphasizing Real-World Assets on Public Blockchains
Carlos Domingo, co-founder and CEO of Securitize, stressed the importance of operating tokenized real-world assets (RWAs) on public, permissionless blockchains. He believes this is essential to unlock blockchain technology’s full potential.
Customized Solutions for Asset Managers
Securitize plans to integrate its tailored smart contracts with Wormhole’s secure interoperability platform. This integration will create customized solutions for asset managers while ensuring regulatory compliance. Platform users can expect increased trust, flexibility, and legitimacy in cross-chain transactions. This trust stems from Securitize’s expertise in compliance.
A Major Step for Institutional Adoption
Robinson Burkey, co-founder and COO of Wormhole Foundation, noted that the integration with a cross-chain messaging protocol marks a key moment for institutional adoption of tokenized assets. He called this partnership a “significant moment” for bridging traditional finance and decentralized finance (DeFi).
Market Insights on Tokenized US Treasuries
The tokenized US Treasuries market serves as a vital indicator of the RWA tokenization sector’s health. Data from RWA.xyz shows that this market has surpassed $2.2 billion. Notably, BlackRock’s tokenized fund, BUIDL, holds approximately $522 million in assets under management (AUM). All BUIDL shares are deployed on the Ethereum blockchain.
Additionally, funds such as TBILL, OUSG, and USDY operate on Ethereum. Together, they represent $1.6 billion in tokenized US Treasuries on the network. Stellar ranks second in market share by hosting Franklin Templeton’s FOBXX, the second-largest tokenized fund. Solana follows in third place with $69.2 million in tokenized assets.
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