On May 8, PANews reported that according to Forbes, quant trading giant Jump Trading's crypto division, Jump Crypto, has strategically invested in the asset tokenization platform Securitize, though the specific amount has not been disclosed. This follows the $47 million investment from BlackRock last year, marking the latest financing for Securitize. Securitize's Chief Operating Officer Michael Sonnenshein stated that Jump's entry indicates traditional financial institutions' recognition of on-chain capital markets. The advantages of tokenized products include daily dividends and collateral applications, characteristics that are attracting yield-seeking investors to shift from stablecoins to tokenized government bonds.
Securitize currently provides tokenization services for top asset management institutions such as BlackRock and Apollo, with its flagship product, the BUIDL Fund (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 specifically for institutions, which is expected to launch in this quarter.