Mentioned:
There’s officially a new tokenization company on Wall Street.
What’s happening:
- Securitize (NYSE: SECZ) has officially completed their business combination with Cantor Equity Partners II and become a publicly traded company on the New York Stock Exchange
By the numbers:
- The SPAC deal with Cantor Equity Partners II gave Securitize a pre-money valuation of roughly $1.25B USD
Why it matters:
- Securitize is one of the most advanced tokenization companies in North America and has existing partnerships with global asset management companies including BlackRock, Apollo, BNY and VanEck
Going deeper:
- Securitize raised approximately $400M USD in total capital through their SPAC transaction with Cantor Equity Partners II and a concurrent equity financing round
- The New York Stock Exchange and Securitize previously made major waves on Wall Street when they formed a new partnership focused on tokenizing securities directly on the blockchain
