Summary
- Securitize said it is pursuing a Nasdaq listing through a SPAC merger.
- Securitize's valuation is approximately $1.25 billion, and major investors ARK Invest, BlackRock, and Morgan Stanley Investment Management said they will transfer their stakes.
- If the listing is completed, Securitize is expected to become the first U.S.-listed company to provide end-to-end tokenization infrastructure for securities assets.
Tokenization infrastructure company Securitize is pursuing a listing through a SPAC, 'Cantor Equity Partners II'.
On the 28th (local time), CoinDesk reported that Securitize plans to proceed with a merger listing via a SPAC. Securitize is expected to trade on Nasdaq under the ticker 'SECZ' after listing. The company is valued at approximately $1.25 billion.
Securitize's existing major investors, including ARK Invest, BlackRock, and Morgan Stanley Investment Management, said they will transfer all existing shares to the company after the merger. The deal also includes $225 million in PIPE (private investment in public equity) funding led by Arche and ParaFi Capital.
If the listing is completed, Securitize will become the first U.S.-listed company to provide end-to-end (End-to-End) tokenization infrastructure that can issue and trade securities assets on the blockchain.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
