Securitize has partnered with Wormhole to integrate cross-chain capabilities for all tokenized assets on its platform.

Securitize Enhances Cross-Chain Capabilities with Wormhole Integration

Securitize, the tokenization platform backed by financial giant BlackRock, has announced a new integration with the Wormhole Foundation to enhance the cross-chain capabilities of its tokenized assets. This collaboration, publicized in a recent announcement on Sept. 20, will enable future assets issued via Securitize to leverage Wormhole’s blockchain interoperability framework.

Customizing Smart Contracts for Regulatory Compliance

Under this partnership, Wormhole’s messaging protocol will be customized by Securitize with its own smart contracts to meet asset managers’ regulatory requirements. This integration aims to bridge the gap between traditional and decentralized financial systems, facilitating smoother and more compliant transactions.

“This partnership with Wormhole will help enable sub-second, sub-penny transactions and move us into an increasingly cross-chain ecosystem, showcasing yet another example of how public blockchains enable new use cases that had previously been unavailable.” – Carlos Domingo, Securitize co-founder & chief executive

Impact on Wormhole’s Native Token

Following the announcement, Wormhole’s native token W (WORMHOLE) saw a 6% increase, reaching $0.24. This positive market response underscores the potential benefits and market confidence in the integration’s success.

Strengthening Market Position with Recent Funding

The collaboration comes on the heels of Securitize raising $47 million in a funding round led by BlackRock. Other notable investors such as Hamilton Lane, ParaFi Capital, and Tradeweb Markets also participated. This funding round further solidifies Securitize’s position in the real-world asset tokenization market.

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