Securitize has partnered with Wormhole Foundation to enable cross-chain interoperability for all assets tokenized on its platform, according to a Sept. 20 announcement.
The partnership will make Wormhole the official blockchain interoperability provider for Securitize’s current and future tokenized assets, marking a significant step forward in the tokenization and cross-chain interoperability of digital assets.
As a result, Securitize can connect its tokens to 32 blockchains available on Wormhole’s infrastructure, boosting its cross-chain features. The company is the tokenization infrastructure provider for institutions such as BlackRock and Hamilton Lane.
The collaboration aims to facilitate institutional adoption and bridge the gap between traditional and decentralized financial systems by allowing asset issuers using Securitize’s tokenization platform to seamlessly transfer tokens across various blockchain ecosystems.
This is expected to enhance liquidity and accessibility for tokenized assets, offering investors greater flexibility in managing their digital assets across multiple blockchains.
Securitize co-founder and CEO Carlos Domingo emphasized that tokenized versions of real-world assets (RWA) must thrive on public, permissionless blockchains to fully realize blockchain technology’s potential.
Securitize plans to integrate its customized smart contracts with Wormhole’s secure, open-source interoperability platform, creating tailored solutions that meet the needs of specific asset managers and comply with regulations. Platform users can expect increased trust, flexibility, and legitimacy in cross-chain activities, which are underpinned by Securitize’s compliance expertise.
Wormhole Foundation co-founder and COO Robinson Burkey said the integration with a cross-chain messaging protocol paves the way for the institutional adoption of tokenized assets. He called it a “significant moment” for bridging traditional finance and DeFi.
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