Carlos Domingo, founder and CEO of Securitize
Securitize
Jump Crypto, the digital asset arm of Chicago quantitative trading firm Jump Trading, has taken a strategic stake in Miami-based Securitize, one of the leading platforms bringing real-world assets (RWAs) like Treasurys and private credit onto public blockchains. Terms of the deal were not disclosed.
This is the first outside investment in Securitize since BlackRock’s $47 million round last year, which cemented the firm as a cornerstone of the fast-growing tokenization market. Other blue-chip asset managers, including Apollo, Hamilton Lane and KKR, have also tapped Securitize to issue blockchain-based funds. These aren’t fringe crypto experiments. The funds tokenize mainstream products including Treasurys, private credit, and private equity on blockchains like Ethereum and Solana.
BlackRock’s BUIDL fund, the $10 trillion asset manager’s first blockchain-based vehicle, which also is Securitize’s marquee product, has become something of a bellwether of tokenization. Structured as a money market fund, it now manages $2.86 billion in assets. Since its debut just a little over a year ago, tokenized Treasury products have surged 800% to nearly $7 billion, a sign that the pitch is resonating with yield-hungry investors looking for alternatives to traditional wrappers.
Michael Sonnenshein, COO at Securitize
Securitize
“We think that the market should be digesting this investment really as a signal that firms like Jump now have conviction in not only tokenization, but the role and the impact that tokenization is having on capital markets, capital formation and investment accessibility on chain,” says Michael Sonneshein, Securitize’s COO and former CEO of crypto asset manager Grayscale.
He argues that tokenization offers distinct advantages that legacy formats don’t match. Products like BUIDL, for instance, pay daily dividends, something traditional money market funds do not, and investors are increasingly choosing tokenized Treasurys over stablecoins as collateral, largely because tokenized products share yield with holders. In addition, pairing tokenized funds with decentralized finance opens new lending opportunities. Jump will help Securitize to do just that: expand the role of tokenized assets in collateral management and trading.
The tokenization sector is growing fast. Since BUIDL’s launch, RWAs have more than doubled from about $9 billion in total value locked to $22.4 billion. Boston Consulting Group projects the tokenized asset market will balloon to $19 trillion by 2033. On Monday, the SEC’s Crypto Task Force will host a roundtable on tokenization with issuers including Securitize.
Meanwhile, the company is preparing its next act. In partnership with Lisbon-based Ethena Labs, it is about to launch a new blockchain called Converge. The idea is to create a compliant gateway for institutional capital into DeFi. Converge is expected to launch later this quarter.
