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 by way of 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.
A SPAC is a publicly traded shell entity that raises capital with the purpose 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 sometimes lengthier, preliminary public providing (IPO) course of.
A number of crypto-focused corporations have pursued this route lately, together with Bakkt via VPC Impact Acquisition Holdings and Core Scientific via Power & 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 12 months with a blockbuster debut.
The talks come amid a resurgence of public listings within the digital-asset sector. In 2025 alone, corporations corresponding to Circle, Determine Expertise, 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 company raised $47 million in a funding spherical led by BlackRock, with extra 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 keeping with business knowledge from RWA.xyz, greater than $33 billion in real-world property (RWAs) have been tokenized on private and non-private blockchains, with private credit and US Treasury bonds main the early adoption pattern.
On the identical 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 shoppers to switch funds immediately.
Earlier this 12 months, 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 International 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 12 months.
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