Key Takeaways:
- Securitize is seeking a public itemisation via a Cantor Fitzgerald-game SPAC valued at over $1B.
- The company oversee $4.6B in tokenized RWA plus and office BlackRock’s BUIDL fund.
- Treatment is ongoing, and Securitize may remain private, per Bloomberg sources.
Securitize Considers SPAC Merger for Public Debut
Tokenization drawing card Securitize is in talking to go public via a unification with Cantor Equity Partners II, Inc. (CEPT), a white-tab fellowship frequent by Cantor Fitzgerald, Bloomberg reported.
The likely deal could appraise Securitize at over $1 billion, grant it unicorn status in the tight-growing real-human beings asset (RWA) sphere. Discussions are ongoing, and the firm may choose to remain private.
A Leading Force in Tokenized Real-World Asset
Securitize manages $4.62 billion in on-concatenation RWA value, according to datum from RWA.xyz. It accept plump for from top investor include BlackRock, Morgan Stanley Tactical Value, Blockchain Capital, and Coinbase Ventures.
In May, Parachute Crypto acquired a strategic interest in Securitize, though the deal’s financial item were not disclosed.
Powering BlackRock’s On-Chain Treasury Fund
The unbendable mogul BlackRock’s BUIDL fund, the largest on-chain U.S. Treasuries fund, with over $2.8B in tokenized assets.
For comparing, the Franklin OnChain U.S. Government Money Fund (BENJI) lead at about $861 million. Securitize likewise show offramps for BUIDL and VanEck’s VBILL apply Rippling’s RLUSD stablecoin, extend its RWA infrastructure.
Cantor Fitzgerald’s SPAC Moves Ahead
The SPAC pursuing the unification, Cantor Equity Partners II (CEPT), is listed on Nasdaq and go by Brandon Lutnick, son of U.S. Secretary of Commerce Howard Lutnick.CEPT raised $240 million in its IPO, alongside $5.8 million from a secret placement. Following Bloomberg’s report, CEPT part jumped 12.5%, according to Yahoo Finance.
