$1.25 billion valuation: Securitize plans IPO

Securitize, a US financial services provider specializing in tokenization, announced plans on Tuesday for an initial public offering (IPO) via a special purpose acquisition company (SPAC). The company is expected to go public with a pre-market valuation of $1.25 billion.
The merger will take place through a special purpose vehicle sponsored by a Cantor-Fitzgerald subsidiary. The merged company will operate under the name “Securitize Corp.” and trade on the Nasdaq under the ticker symbol “SECZ”.
As the company announced, its own shares will also be tokenized as part of the listing. “This is a pivotal moment for Securitize and the future of the financial markets,” CEO Carlos Domingo stated in a press release.
“Our mission is to make capital markets more accessible, transparent, and efficient through tokenization. The IPO is another step towards connecting financial markets at the speed of the internet.”
Founded in 2017, Securitize has become a key partner for TradFi players such as Apollo, VanEck, and BlackRock. The company is, among other things, the issuer of BlackRock's “BUIDL” fund, the first tokenized treasury fund.

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