According to Forbes, PANews reported on May 8th that Jump Crypto, the crypto division 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 round for Securitize following BlackRock's $47 million investment last year. Securitize's Chief Operating Officer Michael Sonnenshein stated that Jump's involvement demonstrates traditional financial institutions' recognition of on-chain capital markets. Tokenization products' advantages include daily dividends, collateral applications, and other features that are attracting yield-seeking investors to shift from stablecoins to tokenized government bonds.
Securitize currently provides tokenization services for top asset management firms like BlackRock and Apollo. Its flagship product, the BUIDL fund (a tokenized money market fund), has already reached $2.86 billion in scale. Securitize is collaborating with Ethena Labs to develop Converge, a compliance-focused DeFi blockchain designed for institutions, which is expected to launch this quarter.
