TechFlow news, October 29 — According to The Block, tokenization services provider Securitize announced plans to go public in the U.S. via a special purpose acquisition company (SPAC), with a pre-money valuation of $1.25 billion. The SPAC was launched by an affiliate of Cantor Fitzgerald.
The combined company will be renamed Securitize Corp. and will list on the Nasdaq stock exchange under the ticker symbol SECZ, with plans to tokenize its own equity. Founded in 2017, Securitize has become the preferred partner for traditional financial institutions entering the tokenization space, serving clients such as Apollo and VanEck.
As part of the listing process, Securitize plans to raise total proceeds of $469 million, including $225 million from private investment in public equity (PIPE). Existing shareholders including ARK Invest, BlackRock, and Blockchain Capital will roll over 100% of their equity into the combined company.
