
Securitize Set to Launch on Nasdaq with $1.25B SPAC Deal Backed by BlackRock
Securitize, a firm specializing in tokenization, announces its upcoming public listing via a $1.25 billion merger with Cantor Fitzgerald-associated company.
Securitize, a company concentrating on tokenization of real-world assets (RWA), is preparing for a public listing through a merger with Cantor Equity Partners II, Inc. The valuation for the merger stands at $1.25 billion.
In an announcement made recently, Securitize disclosed its intention to merge with the Cantor Fitzgerald-affiliated blank-check company in a bid to be listed on Nasdaq. Carlos Domingo, the company’s co-founder and CEO, emphasized that they aim to “democratize capital markets, making them more accessible and efficient through tokenization.”
Moreover, Domingo expressed that the future developments will focus on enabling financial markets to operate “at the speed of the internet.” Howard Lutnick, who heads both Cantor Fitzgerald and Cantor Equity Partners II, recognized the substantial potential blockchain technology has in reshaping finance.
Prior discussions hinted at this path as Securitize and Cantor Fitzgerald were rumored to explore public options earlier this month.
Securitize and Its Bigger Ambitions
Securitize is involved in tokenizing traditional financial assets such as real estate, government bonds, and commodities, allowing for more straightforward trading possibilities. The company has received investment from industry leaders, including BlackRock and Morgan Stanley, and has played a significant role in tokenizing BlackRock’s funding ventures, further integrating into DeFi systems.
Growth in Real-World Assets
The niche market for RWAs continues its upward trajectory, largely driven by favorable U.S. regulations. Industry figures suggest a sturdy future for tokenized equities as the demand for these assets grows, projecting a 24/7 trading environment despite some reluctance from institutions to fully integrate with decentralized platforms.
