Securitize expects to raise $400 million as tokenization firm nears public debut
The BlackRock-backed tokenization specialist expects to close its SPAC merger next week and start trading on the NYSE, pending shareholder approval.
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Summary
- Securitize expects to raise about $400 million as it targeting a public debut via a merger with a Cantor Fitzgerald-backed SPAC.
- The deal, slated to close July 1 pending shareholder approval, would list the combined company on the New York Stock Exchange under the ticker SECZ.
- Securitize’s move comes as tokenization of real-world assets has grown into a more than $30 billion market, with projections that it could reach $18.9 trillion by 2033.
