The teams supporting the development of Wormhole announced the opening of its Global Ecosystem Hub in New York City's Flatiron District, continuing a recent trend of bringing more digital asset presence back into the United States. This new hub represents a significant milestone in Wormhole's commitment to supporting ecosystem collaboration and innovation at the heart of global finance.

"This innovation hub in the heart of New York City represents our dedication to connecting traditional finance with decentralized financial technologies and the broader internet economy," said Dan Reecer, Co-founder of Wormhole Foundation. "By establishing a physical presence in the world's financial capital, we're committing to direct collaboration with ecosystem partners and creating a place to accelerate the future of financial infrastructure."

Building on positive industry momentum, the new Global Ecosystem Hub will provide Wormhole contributors, core developers, and ecosystem partners with support and resources to inspire innovation and attract top talent.  The NYC Hub will host events, workshops, and collaborative sessions designed to advance interoperability standards and institutional blockchain adoption, serving as a central hub for leading projects in the traditional and decentralized finance sectors.

"The new  NYC Hub strategically positions Wormhole's ecosystem partners at the intersection of technology and finance," added Robinson Burkey, Co-founder of Wormhole Foundation. "As the Wormhole ecosystem continues to deepen its work with legacy institutions like BlackRock, Apollo, and VanEck, establishing an office for the ecosystem in the world's most prolific financial center was the next natural step. This hub will help drive the next wave of institutional blockchain adoption and secure connectivity between all of the world's digital assets."

The announcement comes as Wormhole continues to expand its institutional partnerships and further strengthen its position as the premier infrastructure for tokenized assets, stablecoins, and multichain applications at scale. With over $3.5B in multichain tokenized assets under management (MTAUM), Wormhole is uniquely positioned to drive the next wave of financial innovation in New York City and beyond.