Wormhole to enable seamless cross-chain
transfers and communication for all current and future tokenized
assets on the Securitize platform
SINGAPORE, Sept. 20,
2024 /PRNewswire/ -- Securitize, bringing the world
on-chain as the leaders of real-world asset tokenization, today
announced an integration with the Wormhole Foundation that will
bring cross-chain capabilities to all assets tokenized through the
Securitize platform. The collaboration results in all current and
future tokenized assets from Securitize leveraging Wormhole as the
official blockchain interoperability provider. The collaboration
represents a significant advancement in the tokenization and
cross-chain interoperability of digital assets, facilitating the
growth of major institutional adoption and bridging the gap between
traditional and decentralized financial systems.
For asset issuers that leverage Securitize's tokenization
capabilities, this integration will allow tokens to move seamlessly
across different blockchain ecosystems, enhancing liquidity and
accessibility for tokenized assets. Investors will receive greater
flexibility in managing and transferring tokenized assets across
various blockchains, unlocking the potential to access a broader
range of compliant digital asset ecosystems across many different
networks.
"Tokenized securities need to thrive on public, permissionless
blockchains to unlock the potential of blockchain technology," said
Carlos Domingo, CEO and co-founder
of Securitize. "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."
Platform users can expect increased trust, legitimacy, and
flexibility in cross-chain activities, backed by Securitize's
industry leading compliance expertise and Wormhole's secure,
open-source interoperability platform. While leveraging the
Wormhole messaging protocol, Securitize will be using its own smart
contracts in a customized approach that allows for the creation of
tailored solutions that meet the specific needs of each asset
manager, as well as regulations.
Robinson Burkey, co-founder and
CCO of Wormhole Foundation, added: "Securitize has solidified
itself as a leader in the tokenized asset ecosystem and we're
thrilled to bring the Wormhole platform to their customers to
enable a more complete asset management experience. This
advancement has set the stage for increased institutional adoption
of tokenized assets – a significant moment for the industry in an
effort to bridge the massive traditional finance market to
decentralized finance."
About Securitize
Securitize, the leader in tokenizing
real world assets, is bringing the world on-chain through tokenized
funds in partnership with top-tier asset managers, such as
BlackRock, Hamilton Lane InvestCorp, KKR and others. Securitize is
a fully licensed and regulated SEC-registered broker-dealer and
digital transfer agent, FINRA member and SEC-regulated Alternative
Trading System (ATS). For more information, visit
www.securitize.io.
About Wormhole
Wormhole is the leading
interoperability platform that powers multichain applications and
bridges at scale. Wormhole provides developers access to liquidity
and users on over 30 leading blockchain networks, enabling use
cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like
Circle, AMD, and Uniswap. To date, the platform has facilitated the
transfer of over 1 billion cross-chain messages, the most of any
protocol in the world. Learn more at wormhole.com.
Media Contact
M Group Strategic Communications (On
behalf of Wormhole Foundation)
wormhole@mgroupsc.com
Tom Murphy (On behalf of
Securitize)
tom@paragonpr.com
Securitize Disclosures
Securities are offered through
Securitize Markets, LLC, ("Securitize Markets") a registered
broker-dealer and member FINRA/SIPC. Securitize Markets, LLC, and
Securitize Capital, an Exempt Reporting Adviser, are not involved
in Real-World Asset (RWA) tokenization, a service provided by
Securitize.
Assets such as digital assets or tokens using blockchain, are
speculative, involve a high degree of risk, are generally illiquid,
may have no value, have limited regulatory certainty, are subject
to potential market manipulation risks and may expose investors to
loss of principal.
Securitize, Inc. (Securitize) is a Delaware corporation. Securitize is a
technology provider which, together with its affiliates, maintains
an end-to-end web-based platform used by issuers for issuing
securities, specifically including digital asset securities.
Securitize is not a registered broker-dealer.
Securitize, LLC is a transfer agent registered with the U.S.
Securities and Exchange Commission.
Securitize Markets also operates Securitize Markets ATS, an
alternative trading system.
Securitize Capital, LLC is an exempt reporting adviser filed with
the State of Florida.
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SOURCE Wormhole Foundation; Securitize