#Wormhole 🪱 Gets a Boost from Securitize..But is it a Safe Bet?
Hey crypto fam! 👋 Just got word that
#Securitize , a big player in tokenizing assets, is teaming up with Wormhole to make things even easier for institutional investors. Wormhole will help Securitize issue tokens on a whopping 32 blockchains!
But wait, there's a twist! Some folks in the crypto community are raising eyebrows about this partnership. Zach Rynes from Chainlink pointed out that
$W was hacked for a cool $320 million and only survived thanks to a bailout from
#JumpTrading (the same market maker that profited big from the TerraUSD fiasco).
Is this a red flag? 🤷 Some people think so, questioning why Securitize chose Wormhole out of all the other options. Could it be about more than just tech? Maybe there's some financial stuff going on behind the scenes... 🤔
Anyway, tokenization is still a growing market, and we'll likely see more platforms and protocols popping up. It'll be interesting to see how this plays out!
What do you think? Is Wormhole a safe choice for Securitize? Let's discuss! DYOR!
#Altcoins