PANews, May 8th news, according to Forbes, the cryptocurrency division Jump Crypto of quantitative trading giant Jump Trading has strategically invested in the asset tokenization platform Securitize, with the specific amount undisclosed. This is the latest financing for Securitize following BlackRock’s $47 million investment last year. Securitize COO Michael Sonnenshein stated that Jump’s entry demonstrates the recognition of on-chain capital markets by traditional financial institutions. The advantages of tokenized products include daily dividends, collateral applications, etc., which 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 star product BUIDL Fund (tokenized money market fund) having reached a scale of $2.86 billion. Securitize is collaborating with Ethena Labs to develop a compliant DeFi blockchain called Converge, specifically designed for institutions, which is expected to launch this quarter.
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