BlackRock's Securitize Receives Strategic Investment from Jump Crypto

BlockBeats News, May 8th, according to Forbes report, quant trading giant Jump Trading's crypto arm, 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 a $47 million investment from BlackRock last year.

Securitize's COO Michael Sonnenshein stated that Jump's entry indicates traditional financial institutions' recognition of the on-chain capital market. 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 firms such as BlackRock and Apollo, with its flagship product, the BUIDL Fund (a 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.