According to ChainCatcher news and Forbes reports, the quantitative trading giant Jump Trading’s crypto division Jump Crypto has strategically invested in the asset tokenization platform Securitize, with the specific amount undisclosed.
This is the latest financing that Securitize has obtained after BlackRock’s $47 million investment last year. Securitize’s Chief Operating Officer Michael Sonnenshein stated that Jump’s involvement indicates traditional financial institutions’ recognition of on-chain capital markets. The advantages of tokenization products include daily dividends, collateral applications, etc., and these features are attracting yield-seeking investors to shift from stablecoins to tokenized government bonds.
Securitize currently provides tokenization services for top asset management institutions such as BlackRock and Apollo, with its flagship product BUIDL Fund (tokenized money market fund) reaching a scale of $2.86 billion. Securitize is collaborating with Ethena Labs to develop Converge, a compliant DeFi blockchain designed for institutions, expected to launch this quarter.
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The asset tokenization platform Securitize, supported by BlackRock, has received a strategic investment from Jump Crypto.
According to ChainCatcher news and Forbes reports, the quantitative trading giant Jump Trading’s crypto division Jump Crypto has strategically invested in the asset tokenization platform Securitize, with the specific amount undisclosed. This is the latest financing that Securitize has obtained after BlackRock’s $47 million investment last year. Securitize’s Chief Operating Officer Michael Sonnenshein stated that Jump’s involvement indicates traditional financial institutions’ recognition of on-chain capital markets. The advantages of tokenization products include daily dividends, collateral applications, etc., and these features are attracting yield-seeking investors to shift from stablecoins to tokenized government bonds. Securitize currently provides tokenization services for top asset management institutions such as BlackRock and Apollo, with its flagship product BUIDL Fund (tokenized money market fund) reaching a scale of $2.86 billion. Securitize is collaborating with Ethena Labs to develop Converge, a compliant DeFi blockchain designed for institutions, expected to launch this quarter.