Securitize eyes acquisitions with $400 million war chest after going public, CEO says
Following its NYSE debut, Securitize CEO Carlos Domingo said the firm wants to expand its institutional tokenization platform rather than buy competitors.
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Summary
- Securitize plans to pursue acquisitions of complementary businesses, rather than rivals, to build a broader one-stop shop for institutional tokenization services, CEO Carlos Domingo told CoinDesk in an interview.
- The firm aims to deploy its $400 million war chest it raised leading up to its public debut merging with a Cantor-backed SPAC.
- As one of the largest tokenization infrastructure providers, Securitize sees tokenized equities and ETFs as a major growth opportunity, Domingo said, arguing that even a small share of the $140 trillion global equity market moving onchain could create a multitrillion-dollar market.
