Securitize, the tokenization platform behind a number of main blockchain-based funding merchandise, together with BlackRock’s tokenized US Treasury fund, is reportedly in talks with Cantor Fitzgerald to go public through a Particular Goal Acquisition Firm (SPAC).
Bloomberg reported Friday, citing nameless sources, that Securitize is in discussions to merge with Cantor Fairness Companions II Inc., a blank-check agency backed by Cantor Fitzgerald. The deal may worth Securitize at greater than $1 billion, the report stated.
Securitize didn’t instantly reply to Cointelegraph’s request for remark.
Supply: Bloomberg
A SPAC is a publicly traded shell entity that raises capital with the goal of buying a non-public firm. As soon as the merger is full, the non-public firm turns into public with out going by means of the normal, and usually lengthier, preliminary public providing (IPO) course of.
A number of crypto-focused firms have pursued this route in recent times, together with Bakkt through VPC Affect Acquisition Holdings and Core Scientific through Energy & Digital Infrastructure Acquisition Corp. Core was later acquired by CoreWeave for $9 billion.
Circle, the issuer of the USDC (USDC) stablecoin, introduced a deliberate SPAC merger with Harmony Acquisition Corp in 2021, although that deal was later terminated. Circle went public earlier this yr with a blockbuster debut.
The talks come amid a resurgence of public listings within the digital-asset sector. In 2025 alone, firms resembling Circle, Determine Know-how, Gemini and Bullish have gone public, underscoring renewed institutional urge for food for crypto-related equities.
Securitize has been lively on the fundraising entrance as nicely. In Could 2024, the corporate raised $47 million in a funding spherical led by BlackRock, with further participation from Paxos, Aptos Labs and Circle.
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SPAC talks underscore rising institutional momentum behind tokenized RWAs
Information of a possible SPAC involving one of many tokenization market’s greatest gamers underscores the accelerating curiosity in onchain finance.
In accordance with trade information from RWA.xyz, greater than $33 billion in real-world property (RWAs) have been tokenized on private and non-private blockchains, with non-public credit score and US Treasury bonds main the early adoption pattern.
Whole worth of tokenized real-world property throughout main sectors, together with non-public credit score, US Treasurys, equities, company bonds and non-US authorities debt. Supply: RWA.xyz
On the similar time, a number of main monetary establishments are deepening their involvement in tokenization. BNY Mellon, one of many world’s largest custodians, lately introduced that it’s exploring tokenized deposits to allow purchasers to switch funds immediately.
Earlier this yr, the financial institution partnered with Goldman Sachs to supply tokenized cash market funds that use blockchain to trace possession and settlement.
In the meantime, S&P World introduced earlier this week that it’s launching the Digital Markets 50 Index, designed to trace the efficiency of 15 cryptocurrencies and 35 blockchain-linked equities. The index is being developed in partnership with tokenization agency Dinari, which stated it plans to supply a tokenized model of the index later this yr.
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