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Securitize, a subsidiary of BlackRock, receives strategic investment from Jump Crypto
Summary: According to Bitpush News, quant trading giant Jump Trading's crypto division, Jump Crypto, has strategically invested in asset tokenization platform Securitize, with the specific amount undisclosed. This is the latest financing obtained by Securitize following BlackRock's $47 million investment last year. Securitize COO Michael Sonnenshein stated that Jump's entry indicates the recognition of the on-chain ...
According to Bitpush News, quant trading giant Jump Trading's crypto division, Jump Crypto, has strategically invested in asset tokenization platform Securitize, with the specific amount undisclosed. This is the latest financing obtained by Securitize following BlackRock's $47 million investment last year.
Securitize COO Michael Sonnenshein stated that Jump's entry indicates the recognition of the on-chain capital market 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 to top asset management institutions such as BlackRock and Apollo, with its flagship product, the BUIDL Fund (tokenized money market fund), reaching a scale of $2.86 billion. Securitize is collaborating with Ethena Labs to develop Converge, a compliance-focused DeFi blockchain designed for institutions, expected to launch this quarter.
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Link: Securitize, a subsidiary of BlackRock, receives strategic investment from Jump Crypto [Copy]
