{"id":94186,"date":"2024-09-21T15:22:00","date_gmt":"2024-09-21T19:22:00","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=94186"},"modified":"2024-09-21T15:23:20","modified_gmt":"2024-09-21T19:23:20","slug":"securitize-integrates-wormhole-for-cross-chain","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/securitize-integrates-wormhole-for-cross-chain\/","title":{"rendered":"Securitize Integrates Wormhole for Cross-Chain Tokenization"},"content":{"rendered":"\n

Wormhole and Securitize have teamed to incorporate cross-chain functionality<\/a> for all tokenized assets on Securitize's platform.\u00a0<\/p>\n\n\n\n

\"Securitize
Securitize Integrates Wormhole for Cross-Chain Tokenization<\/figcaption><\/figure>\n\n\n\n

The financial behemoth BlackRock-backed tokenization platform Securitize has announced a new connection with the Wormhole Foundation that will improve the tokenized assets' cross-chain capabilities. <\/p>\n\n\n\n

Wormhole's blockchain interoperability framework\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> is anticipated to be utilized by future assets released through Securitize thanks to the partnership, which was revealed in a blog post on September 20. <\/p>\n\n\n\n

As per the collaboration agreement, Securitize will adapt Wormhole's communications protocol with its own smart contracts to satisfy regulatory standards for asset managers. <\/p>\n\n\n\n

The integration is considered a critical step in linking traditional and decentralized financial systems<\/a> by Securitize, a platform that makes tokenized securities possible.\u00a0Carlos Domingo, Securitize co-founder & chief executive:<\/p>\n\n\n\n

\n

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.”<\/p>\n<\/blockquote>\n\n\n\n

The announcement caused Wormhole's native token to increase in value by 6%, reaching $0.24. The partnership was formed months after Securitize strengthened its position in real-world asset tokenization<\/a> by raising $47 million in a fundraising round headed by BlackRock. <\/p>\n\n\n\n

Other investors also contributed to the funding, including Tradeweb Markets, ParaFi Capital, and Hamilton Lane.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Wormhole and Securitize have teamed to incorporate cross-chain functionality for all tokenized assets on Securitize’s platform.\u00a0 The financial behemoth BlackRock-backed tokenization platform Securitize has announced a new connection with the Wormhole Foundation that will improve the tokenized assets’ cross-chain capabilities. Wormhole’s blockchain interoperability framework is anticipated to be utilized by future assets released through Securitize […]<\/p>\n","protected":false},"author":43,"featured_media":94188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21954,15881,13133],"class_list":["post-94186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cross-chain-tokenization","tag-securitize","tag-wormhole-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/croc_1726942412176.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=94186"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/94188"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=94186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=94186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=94186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}