BlackRock-backed Securitize to go public through SPAC deal
Asset tokenization platform Securitize is merging with SPAC Cantor Equity Partners II Inc. to go public.Summary
Securitize, a prominent asset tokenization platform supported by BlackRock, is set to become publicly traded through a merger with the special purpose acquisition company (SPAC) Cantor Equity Partners II Inc. The deal values Securitize at $1.25 billion before listing and is expected to generate approximately $465 million in gross capital. The combined entity, named "Security Corp.," will trade on Nasdaq under the ticker SECZ. Securitize has a significant partnership with BlackRock, having collaborated on issuing the BUIDL tokenized Treasury fund, which is now accepted as collateral across major crypto platforms. This collaboration is expanding, with BlackRock's tokenized assets now being managed on additional blockchains like Aptos to enhance institutional access to digital asset products.
(Source：Crypto Briefing)