Wormhole is now Securitize’s official provider of interoperability

Securitize and Wormhole have integrated to provide cross-chain capabilities for assets tokenized on its platform.

W token price reached a high of $0.25 amid news. The W token price has risen by 5% over the last 24 hours, and 17% within the past seven days.

Securitized, a BlackRock-backed company, announced on September 20 that Wormhole was its official interoperability provider.

Carlos Domingo is the CEO and founder of Securitize. He believes that the public blockchain will be essential for a flourishing tokenized securities eco-system.

Securitize’s CEO said that permissionless blockchains help unlock the potential of blockchain and crypto technology. The CEO of Securitize added:

The partnership between Wormhole and us will enable transactions that are sub-seconds, or even sub-pennies, moving us to a more cross-chain environment. This is yet another demonstration of the new uses cases public blockchains can enable.

Adoption of Real-World Assets

Securitize will collaborate with Wormhole Foundation.

This move will allow the two platforms to continue growing and gaining adoption in the real-world assets (RWAs) tokenization industry.

Securitize’s bridge and multi-chain application technology will be used to push forward this project.

In a press release, these firms stated that it’s an important milestone, as more institutions in the RWA sector will benefit from interoperability across chains, bringing traditional finance and decentralized financing together.

Securitize’s capabilities for tokenizing assets and Wornhole’s integration of the messaging protocol will allow asset issuers to perform advanced token transfers between blockchains.

Developers and users can also move tokenized assets with ease, as the partnership provides them new liquidity and flexibility.

Robinson Burkey, Wormhole Foundation’s co-founder and chief commercial officer (CCO), praised the partnership for “enabling a more comprehensive asset management experience” for users.

Burkey said that the demand from institutional investors will also mean tokenization plays a major role in helping TradFi transition to DeFi.

Securitize gains traction with BlackRock

In collaboration with asset managers such as BlackRock, KKR and Hamilton Lane, Securitize helped to bring on-chain major tokenized funds.

Securitize currently acts as the agent for transfers and the platform of tokenizations in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

BUIDL is the most tokenized US Treasury asset according to data from rwa.xyz. It has a market capitalization of $521,000,000.

Wormhole, on the other hand, offers an interoperability blockchain network which supports DeFi as well as NFTs and many more use cases. Circle, Uniswap, and AMD are among the partners.

Wormhole now adds Google Cloud to its validator nodes

Wormhole announced a partnership with Securitize just one day after Google Cloud Computing revealed its own collaboration.

The Wormhole Foundation announced in a press release dated September 18, that it has added Google Cloud’s Guardian Network. This is a set of decentralized validator nodes which are key for transaction verification.

This group includes Figment RockawayX P2P and Everstake.

Google Cloud’s services will be provided as Guardian Nodes, and Wormhole will leverage the infrastructure of cloud computing giant to boost its decentralization.

The partnership will also boost Wormhole’s research on zero-knowledge.

The post Securitize Integrates Wormhole As Its Official Interoperability Provider may be updated as new information unfolds

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