Securitize to go public in $1.25B BlackRock-backed merger
BlackRock-backed tokenization firm Securitize is merging with a SPAC sponsored by Cantor Fitzgerald to go public on Nasdaq at a $1.25 billion valuation.Summary
Securitize, a company focused on tokenizing real-world assets (RWA) and backed by BlackRock, is set to become publicly traded through a merger with a special-purpose acquisition company (SPAC), Cantor Equity Partners II, Inc. This transaction values Securitize at a pre-money valuation of $1.25 billion, and the combined entity will be listed on Nasdaq. Securitize's CEO, Carlos Domingo, stated the goal is to democratize capital markets by improving accessibility, transparency, and efficiency through tokenization, aiming to make financial markets operate "at the speed of the internet." Securitize is known for tokenizing traditional assets like real estate and government bonds, and notably handled the tokenization of BlackRock’s BUIDL fund. The RWA sector is experiencing growth amid a favorable regulatory environment, although industry figures suggest tokenized assets may operate in siloed ecosystems rather than general-purpose chains.
(Source：Cointelegraph)