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WORMHOLE OF DESPAIR: Securitize’s Latest Scheme to Make Cryptocurrency Even More Confusing and Less Useful

A  worm tunnel stretches across multiple screens displaying different blockchain networks and wallets, with tokens flowing through it at high speed, while nearby chains are shown as separate islands struggling to connect.

The never-ending saga of cryptocurrency’s desperate attempts to be taken seriously continues with Securitize’s latest move: integrating cross-chain communication protocol Wormhole into their tokenization platform. Because what the world really needed was more complicated ways for institutions to tokenize real-world assets (RWAs) and pretend they’re not just creating a bunch of numbers on a computer from thin air.

Source: cointelegraph

Securitize, a tokenization platform, has integrated cross-chain communication protocol Wormhole in an effort to “bring cross-chain capabilities to all assets tokenized through the Securitize platform,” Securitize said in a Sept. 20 announcement.  Real-world assets (RWAs) — including tokenized claims on financial assets, commodities, or art — are emerging as one of cryptocurrency’s most popular market segments but constraints on transferability among blockchain networks and wallets hinder adoption. "Tokenized securities need […]

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