Securitize is contemplating going public by a merger with a particular function acquisition firm. The RWA tokenization agency might attain a $1B valuation following a merger with Cantor Fairness Companions II Inc.
Securitize, a number one blockchain firm specializing within the tokenization of conventional investments, is reportedly in superior discussions to go public by a merger with a special-purpose acquisition firm (SPAC) launched by Cantor Fitzgerald LP. The transaction is predicted to worth Securitize at greater than $1B.
Securitize considers public itemizing by merger
The potential merger entails Cantor Fairness Companions II Inc., a blank-check firm that raised $240M in Could by its preliminary public providing. Brandon Lutnick, the chairman of Cantor Fitzgerald, serves as chief govt officer of the SPAC.
Whereas deliberations are ongoing, sources emphasised that Securitize might nonetheless select to stay personal.
But when finalized, the deal would mark a significant milestone for the real-world asset (RWA) tokenization sector, which is among the most promising real-world purposes of blockchain know-how. Tokenization permits buyers to achieve fractional publicity to conventional belongings equivalent to equities, bonds, and actual property by blockchain-based digital tokens, making them simpler to commerce, switch, and observe.
The RWA market is on a run
The tokenization of real-world belongings has turn into a scorching subject amongst asset managers and monetary establishments looking for to mix the transparency and effectivity of blockchain with the credibility of regulated funding merchandise. It is among the methods blockchain can obtain mainstream adoption.
Securitize is a number one participant within the rising tokenization sector and has attracted investments from main monetary gamers, together with BlackRock Inc. and Morgan Stanley.
Securitize has leveraged the expansion of the RWA market to a possible $1B public itemizing. Supply: RWA.xyz
Securitize’s platform permits buyers to achieve tokenized publicity to conventional belongings equivalent to S&P indices. BlackRock’s tokenized fund BUIDL can be accessible by the platform. Different backers of the agency embody ARK Enterprise Fund, Tradeweb Markets Inc., and Nomura Holdings Inc.
Securitize is registered with the U.S. Securities and Trade Fee (SEC) as a switch agent, which permits it to handle possession data of tokenized securities. It additionally holds licenses to function in choose European jurisdictions and maintains operations in Japan.
