BlackRock-backed Securitize integrates Wormhole for cross-chain tokenization

Securitize has partnered with Wormhole to integrate cross-chain capabilities for all tokenized assets on its platform.

Securitize, the tokenization platform backed by financial giant BlackRock, has announced a new integration with the Wormhole Foundation that enhances the cross-chain capabilities of its tokenized assets. Announced in a blog post on September 20, the collaboration is expected to enable future assets issued through Securitize to leverage Wormhole’s blockchain interoperability framework.

Under the partnership agreement, Wormhole’s messaging protocol will be customized by Securitize with its own smart contracts to meet the regulatory requirements of asset managers.

Securitize, which facilitates tokenized securities, sees the integration as an important step in bridging traditional and decentralized financial systems.

“This partnership with Wormhole will help us enable sub-second, sub-penny transactions and increasingly transition to a cross-chain ecosystem. This is another example of how public blockchains are enabling new use cases that were not previously available.”

Carlos Domingo, co-founder and CEO of Securitize

Following the announcement, Wormhole’s native token W (WORMHOLE) rose 6% to $0.24.

The collaboration comes months after Securitize raised $47 million in a funding round led by BlackRock, further solidifying its position in real-world asset tokenization. Other investors including Hamilton Lane, ParaFi Capital, and Tradeweb Markets also participated in the funding.