Securitize is latest crypto company to go public as BlackRock-backed firm sees stock jump 3% on debut
RWA Signal Insight
InfrastructureSecuritize, a BlackRock-backed firm specializing in asset tokenization, officially debuted on the New York Stock Exchange following a merger with Cantor Equity Partners II. The transaction, structured as a SPAC merger, raised $400 million and established a market valuation of $1.25 billion for the Miami-based company. Despite initial pre-market volatility, shares rose nearly 3% upon opening, signaling investor interest in the firm's role as a bridge between traditional finance and blockchain infrastructure. Securitize plans to further its mission by issuing a tokenized version of its own public stock. This listing represents a significant milestone for the RWA sector, as the company has previously facilitated major projects like BlackRock’s BUIDL money market fund and VanEck’s tokenized Treasury offerings. The move follows a series of recent crypto-sector IPOs, including Circle, Gemini, and BitGo, highlighting a broader trend of institutional-grade crypto firms entering public markets. By integrating traditional financial services on-chain, Securitize aims to capitalize on the growing institutional appetite for tokenized assets despite broader market headwinds.
Key points
- Securitize achieved a $1.25 billion valuation through a $400 million SPAC merger.
- The firm will issue a tokenized version of its own public stock.
- Securitize previously partnered with BlackRock to launch the BUIDL money market fund.
- The company joins Circle, Gemini, and BitGo as recent crypto-native public market entrants.
Background
Securitize is a financial technology company founded in 2017 that provides infrastructure for tokenizing real-world assets, such as stocks and Treasury funds, onto blockchain networks. The firm acts as a bridge between traditional asset managers and decentralized finance by providing compliance, issuance, and management tools for digital securities.