Wormhole

DeFi

when

Foundation

Planet

<div class="intro-text">
 RWA tokenization platform Securitize has partnered with Wormhole Foundation to enhance the cross-chain functionality of its assets.
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In a<a style="color: #0000ff;" href="https://wormhole.com/blog/securitize-selects-wormhole-as-official-interoperability-provider-for-all?data=afs57r3denis98ye344omelchenko089yhds" rel="noopener noreferrer nofollow"> blog post</a> published on September 20, the Foundation revealed that this partnership will allow assets issued through Securitize to take advantage of Wormhole’s blockchain interoperability framework. Securitize will customize the blockchain’s messaging protocol to fit the regulatory requirements of asset managers using its own smart contracts.
The Foundation emphasized that users of both platforms can expect increased trust, legitimacy, and flexibility when conducting cross-chain transactions.
Robinson Burkey, co-founder and CCO of Wormhole Foundation, said,
<blockquote>
 “Securitize has proven to be a leader in the tokenized asset sector, and we are excited to integrate the Wormhole platform for their customers.”
</blockquote>
Notably, this integration is expected to be a crucial advancement in connecting traditional financial systems with DeFi.
“This collaboration enriches the asset management experience and moves us closer to broader institutional adoption of tokenized assets, a key development in connecting traditional finance with decentralized finance,” Burkey stated.
<blockquote>
 “This partnership with Wormhole will enable sub-second, sub-penny transactions, advancing us into a more interconnected cross-chain ecosystem. It demonstrates how public blockchains can unlock new use cases that were previously out of reach,”
</blockquote>
Carlos Domingo, co-founder and CEO of Securitize, added.
Meanwhile, the development comes on the heels of Securitize’s<a href="https://www.prnewswire.com/news-releases/securitize-announces-47-million-strategic-funding-round-led-by-blackrock-302133075.html" rel="noopener noreferrer nofollow"> successful</a> $47 million funding round led by BlackRock, with additional contributions from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. The platform claims that the new capital will enable further innovation and expansion and help it reinforce its leadership in the digital asset securities space.
Ben Forman, Founder and Managing Partner of ParaFi, remarked that Securitize’s infrastructure allows traditional assets to benefit from blockchain’s advantages, including enhanced transparency, faster settlement, reduced counterparty risk, and increased programmability.
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The post <a href="https://defi-planet.com/2024/09/securitize-and-wormhole-collaborate-for-cross-chain-tokenization/" rel="noopener noreferrer nofollow">Securitize and Wormhole Collaborate for Cross-Chain Tokenization</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Securitize and Wormhole Collaborate for Cross-Chain Tokenization

DeFi Planet

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