Securitize raises $400M ahead of public debut
Tokenization firm Securitize is set to raise $400 million as it goes public through a SPAC merger backed by Cantor Fitzgerald. The company expects approximately $400 million in gross proceeds including private investment rounds, excluding transaction expenses.
Securitize reports less than 30% of shareholders in the acquisition vehicle elected to redeem their stakes—a strong signal of confidence in the tokenization sector. Shares of Cantor's acquisition company rose 7% to $10.86 on the trading day, climbing further to $11 in after-hours sessions.
"When we started more than eight years ago, the idea that major institutions would embrace tokenized securities was still largely theoretical," said CEO Carlos Domingo. "Today, tokenization is moving into the mainstream." The platform partners with BlackRock, Franklin Templeton, and KKR to bring real-world assets onto blockchain infrastructure.
With Wall Street increasingly seeking exposure to tokenization and US regulators showing heightened attention to the sector, Securitize's public listing marks a pivotal moment for institutional crypto adoption. The transaction positions the firm at the center of a growing market where currently less than 30% of tokenized assets reside onchain.
Could tokenized securities reach mainstream finance adoption by 2027? 👇
#SecuritizeSPAC #TokenizedAssets #WallStreet
Tokenization firm Securitize is set to raise $400 million as it goes public through a SPAC merger backed by Cantor Fitzgerald. The company expects approximately $400 million in gross proceeds including private investment rounds, excluding transaction expenses.
Securitize reports less than 30% of shareholders in the acquisition vehicle elected to redeem their stakes—a strong signal of confidence in the tokenization sector. Shares of Cantor's acquisition company rose 7% to $10.86 on the trading day, climbing further to $11 in after-hours sessions.
"When we started more than eight years ago, the idea that major institutions would embrace tokenized securities was still largely theoretical," said CEO Carlos Domingo. "Today, tokenization is moving into the mainstream." The platform partners with BlackRock, Franklin Templeton, and KKR to bring real-world assets onto blockchain infrastructure.
With Wall Street increasingly seeking exposure to tokenization and US regulators showing heightened attention to the sector, Securitize's public listing marks a pivotal moment for institutional crypto adoption. The transaction positions the firm at the center of a growing market where currently less than 30% of tokenized assets reside onchain.
Could tokenized securities reach mainstream finance adoption by 2027? 👇
#SecuritizeSPAC #TokenizedAssets #WallStreet