BlackRock-backed asset tokenization platform Securitize receives strategic investment from Jump Crypto

According to Forbes, 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 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 and collateral applications, which 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, and its flagship product BUIDL fund (a tokenized money market fund) has reached $2.86 billion in scale. Securitize is collaborating with Ethena Labs to develop Converge, a compliant DeFi blockchain designed for institutions, expected to launch this quarter.