According to Forbes, Jump Crypto, the cryptocurrency division of quantitative trading giant Jump Trading, has strategically invested in the asset tokenization platform Securitize for an undisclosed amount. This is the latest financing obtained by Securitize after BlackRock's $47 million investment last year. Michael Sonnenshein, Chief Operating Officer of Securitize, stated that Jump's entry indicates the recognition of traditional financial institutions towards on chain capital markets. The advantages of token based products include daily dividends, collateral applications, etc. These features are attracting investors who are pursuing returns from stable currency to token based treasury bond bonds.
Securitize currently provides tokenization services to top asset management institutions such as BlackRock and Apollo, with its star product BUIDL Fund (tokenized money market fund) reaching a scale of $2.86 billion. Securitize is collaborating with Ethena Labs to develop Converge, a compliant DeFi blockchain designed specifically for institutions, which is expected to be launched this quarter.
