Securitize Pursues Listing via SPAC…Company Value Projected at $1 Billion

Securitize, a leading company in the field of real-asset tokenization, is reportedly considering a listing through a merger with an affiliate of financial giant Cantor Fitzgerald. If the deal goes through, Securitize's corporate value is expected to be over $1 billion (about 1.38 trillion won).

On the 11th (local time), Bloomberg reported that Securitize is in talks to merge with Nasdaq-listed Cantor Equity Partners II (Cantor Equity Partners II, CEPT). CEPT is a special purpose acquisition company (SPAC) sponsored by Cantor Fitzgerald, which raised $240 million through its IPO at the time of listing. Bloomberg also reported that Securitize is still considering the possibility of remaining private.

According to the report, Securitize has attracted funding from a number of major investors, including BlackRock, Morgan Stanley Tactical Value, Blockchain Capital, and Coinbase Ventures. In May, Jump Crypto made a strategic investment.

Securitize currently manages about $4.62 billion in tokenized real assets and operates BlackRock's U.S. dollar-denominated institutional digital liquidity fund (BUIDL). That fund is approximately $2.8 billion in size, more than three times the competing product Franklin OnChain U.S. Money Fund (BENJI). The company recently started withdrawal services for the BUIDL and VanEck's VBILL tokenized fund using Ripple's stablecoin RLUSD.