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BlackRock-backed Securitize integrates Wormhole for cross-chain tokenization

Tokenization platform Securitize has partnered with the Wormhole Foundation to enhance the cross-chain capabilities of its tokenized assets. The collaboration will allow assets issued through Securitize to leverage Wormhole's blockchain interoperability framework. Under the agreement, Securitize will customize Wormhole's messaging protocol with its own smart contracts to meet regulatory requirements for asset managers. The integration is seen as a significant step toward bridging traditional and decentralized financial systems. Following the announcement, Wormhole's native token, WORMHOLE, rose by 6%. The partnership comes after Securitize raised $47 million in a funding round led by BlackRock.

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