PANews reported on May 8 that according to Forbes, Jump Crypto, the crypto division of quantitative trading giant Jump Trading, has made a strategic investment in Securitize, an asset tokenization platform, with the specific amount not disclosed. This is the latest financing Securitize has received following BlackRock's $47 million investment last year. Michael Sonnenshein, chief operating officer of Securitize, said that Jump's entry shows that traditional financial institutions recognize the on-chain capital market. The advantages of tokenized products include daily dividends and collateral applications, which are attracting investors seeking returns to turn from stablecoins to tokenized treasuries.
Securitize currently provides tokenization services to top asset management institutions such as BlackRock and Apollo, and its star product BUIDL Fund (tokenized money market fund) has reached a scale of US$2.86 billion. Securitize is working with Ethena Labs to develop Converge, a compliant DeFi blockchain designed for institutions, which is expected to be launched this quarter.
