Live Crypto Markets

HomeCrypto NewsSecuritize Announces $1.25 Billion SPAC Merger Backed by BlackRock for Nasdaq Listing

Securitize Announces $1.25 Billion SPAC Merger Backed by BlackRock for Nasdaq Listing

-

Digital asset securities firm Securitize has entered into a definitive agreement to become a publicly traded company through a $1.25 billion special purpose acquisition company (SPAC) merger. The transaction, supported by investment management giant BlackRock, will combine Securitize with a SPAC affiliate of Cantor Fitzgerald, one of the world’s leading financial services firms.

Upon completion of the merger, Securitize common stock is expected to list on the Nasdaq Global Market, marking a significant milestone for the digital asset tokenization sector. This public listing represents one of the largest SPAC combinations in the blockchain and digital securities space to date.

Securitize has established itself as a pioneer in tokenizing real-world assets, providing infrastructure for issuing and managing digital securities on blockchain networks. The company’s technology enables traditional financial instruments to be represented as digital tokens, creating new opportunities for liquidity and accessibility in private markets.

The merger comes at a time of growing institutional interest in blockchain-based financial solutions. BlackRock’s continued support underscores the increasing convergence between traditional finance and digital asset technologies. The transaction is subject to customary closing conditions, including regulatory approvals and shareholder consent, with the final listing expected to provide Securitize with additional capital to expand its tokenization platform and global market presence.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Trump’s Truth Social Partners with Crypto.com to Launch Prediction Markets Platform

Truth Social, the social media platform founded by former President Donald Trump, has announced a strategic partnership with cryptocurrency exchange Crypto.com to launch a new...

Leveraging Advanced Language Models for Enhanced Cryptocurrency Trading Strategies

Sophisticated language processing systems can be transformed into powerful analytical tools for digital asset markets when configured with specialized workflows and real-time data integration. By...

Bitcoin Surges to $116,000 Amid Market Volatility and CME Gap Speculation

Bitcoin experienced significant price volatility at the opening of Wall Street trading, with bullish momentum driving the cryptocurrency to a notable high of $116,000. Market...

OpenAI Transforms Corporate Structure to Public Benefit Entity with Microsoft Acquiring Significant Stake

In a landmark corporate restructuring, OpenAI has officially transitioned to a public benefit corporation, solidifying its commitment to balancing profit motives with broader societal impact....

Most Popular

spot_img