Securitize, an asset tokenization platform supported by BlackRock, has received strategic investment from Jump Crypto
ChainCatcher news, according to Forbes, the crypto division of quantitative trading giant Jump Trading, Jump Crypto, has strategically invested in the asset tokenization platform Securitize, with the specific amount undisclosed.This is the latest funding Securitize has received following last year's $47 million investment from BlackRock. Securitize's Chief Operating Officer Michael Sonnenshein stated that Jump's entry indicates traditional financial institutions' recognition of on-chain capital markets. The advantages of tokenized products include daily dividends, collateral applications, 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 firms such as BlackRock and Apollo, and its flagship product, the BUIDL Fund (tokenized money market fund), has reached a scale of $2.86 billion. Securitize is collaborating with Ethena Labs to develop a compliance DeFi blockchain called Converge, designed specifically for institutions, which is expected to launch this quarter.