BlackRock-backed Securitize announces cross-chain upgrade
Revealed on 20 September, this collaboration will see Securitize customise Wormhole’s messaging protocol to meet regulatory standards, thereby bridging traditional and decentralised finance.
Securitize, a tokenisation platform backed by BlackRock, has announced a new partnership with the Wormhole Foundation to enhance the cross-chain capabilities of its tokenised assets. The collaboration revealed on 20 September, will allow future assets issued through Securitize to leverage Wormhole’s blockchain interoperability framework, improving connectivity across different blockchains.
As part of the agreement, Wormhole’s messaging protocol will be customised by Securitize using its own smart contracts to meet the regulatory requirements of asset managers. This integration is seen as a major step towards bridging the gap between traditional and decentralised finance, facilitating faster and cheaper transactions across multiple blockchains.
The partnership follows Securitize’s recent $47 million funding round, led by BlackRock, with investors such as Hamilton Lane and Tradeweb Markets also participating. Since the announcement, Wormhole’s native token has risen by 6%, reflecting the growing interest in real-world asset tokenisation.
