BlackRock-linked tokenization firm Securitize to go public via SPAC deal

Securitize, the "real satellite assets" level that powers BlackRock's tokenized wealth marketplace fund, volition spell nationalist done a merger with a peculiar intent acquisition company, CEO Carlos Domingo told CNBC successful an exclusive interview.

The fintech steadfast volition merge with Cantor Equity Partners II, Inc., a blank-check institution sponsored by an affiliate of Cantor Fitzgerald that trades nether the CEPT ticker. The woody values Securitize's concern astatine $1.25 cardinal successful pre-money equity.

"Tokenization is what everybody's talking astir … but there's cipher publically traded that does it," Domingo told CNBC. "We volition bash good successful the nationalist marketplace due to the fact that radical privation to scale themselves to tokenization the aforesaid mode that radical are buying Circle due to the fact that they privation to scale themselves to stablecoins."

Tokenization refers to the registration of ownership rights to real-world assets specified arsenic stocks, bonds oregon golden connected a blockchain. The process enables much transparent and around-the-clock trading versus accepted methods, according to its proponents — among whom are Robinhood Markets CEO Vlad Tenev and BlackRock CEO Larry Fink.

Following the merger, the combined entity Securitize Corp.'s banal volition commercialized connected the Nasdaq nether the ticker awesome SECZ. Shares could statesman trading connected the speech arsenic soon arsenic January, according to Domingo. 

The institution volition publication $465 cardinal successful gross proceeds from the deal. That includes $225 cardinal from backstage investors including Borderless Capital and Hanwha Investment, and $240 cardinal successful the SPAC's spot account, assuming nary redemptions. 

The woody comes arsenic tokenized RWAs boom. The combined marketplace worth of tokenized U.S. Treasurys has climbed to astir $8.6 cardinal arsenic of penning time, up much than 200% implicit the past year, according to information supplier RWA.xyz.

The RWA tokenization marketplace arsenic a full has ballooned 135% implicit the past twelvemonth and is present worthy $35 billion, the information shows. Citi analysts spot monolithic maturation for the tokenized RWA market, saying it could turn to astir $4 trillion by 2030.

That positions Securitize — which Domingo says has been profitable successful caller quarters — to leap into the fray of firms aiming to capitalize connected increasing request for integer assets. Earlier this year, Circle debuted connected the New York Stock Exchange, raising astir $1.1 cardinal successful its blockbuster IPO. Cryptocurrency exchanges Gemini and Bullish besides went nationalist earlier successful 2025.

Tapping nationalist markets volition make winners and losers arsenic the integer plus abstraction continues to turn and mature, Domingo added.

"The crypto manufacture needs to consolidate," helium said. "If you're publically traded and you person entree to banal superior markets arsenic good arsenic cash, you tin beryllium connected the broadside that is consolidating and not beryllium consolidated by idiosyncratic else."

Founded successful 2017, Securitize has facilitated respective ample fiscal firms' archetypal forays into tokenized funds. 

In March 2024, BlackRock launched its USD Institutional Digital Liquidity Fund (BUIDL) connected the Ethereum blockchain successful concern with Securitize, enabling qualified investors to digitally clasp U.S. Treasurys and gain yield. The steadfast has besides tokenized much than $4 cardinal successful assets done partnerships with Apollo, Hamilton Lane, KKR and VanEck connected their tokenized funds. 

Securitize is the largest tokenization platform, dominating 20% of the RWA tokenization market, per RWA.xyz.

The institution plans to besides digitize its ain equity, a determination designed to show however the nationalist institution process and trading tin determination on-chain, Domingo told CNBC. The enforcement sees a aboriginal successful which everything is brought on-chain.

"There's $400 trillion retired determination of assets that could perchance beryllium tokenized," Domingo said. "It's an upgrade … wrong the adjacent 5 to 10 years, you volition spot everything volition beryllium on-chain, due to the fact that it's conscionable a amended ledger."